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NS&I Income Bond Interest Rate changes 1st May?
Fletchy
Posts: 20 Forumite
On 28/2/20 I received an email from NS&I (giving my name) informing me that the income bond interest rate would be changing from 1.16% down to 0.7% from 1/5/20. I transferred money to other accounts because of this. I find today that the NS&I bond is now the highest interest easy access account shown on MSE at STILL 1.16%. I logged in to NS&I and find that my account (now with a reduced balance) is still at 1.16%. Does anybody know what is going on?
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Comments
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The reductions were cancelled.
I did the same as you so will be moving the funds back to NSI in due course.1 -
Please see the link below dated 17th April advising the change.
https://nsandi-corporate.com/news-research/news/nsi-supports-savers-unprecedented-time
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Thanks for this information. Will probably move money back in (for as long as it lasts).0
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