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Bruce Banner

NS&I raise savings rates.

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Just got an email from NS&I.

 

Dear Mr Banner,


Following the recent increase in the Bank of England base rate from 0.25% to 0.50%, we are pleased to let you know that we are increasing interest rates on our variable rate accounts from 1 December 2017. Please see below for details:

 

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1 hour ago, Bruce Banner said:

It's going in the right direction.

NS&I have just announced a new 3 year Guaranteed Growth Bond for between £500 and £1M, interest rate 1.95% fixed for 3 years.  

 

I disagree that this is the right direction.  I'm a saver, so unless the below article is incorrect, or this is a different product, then I'm sure I'm not the only one who's unhappy about the lower rates offered.

http://www.thisismoney.co.uk/money/saving/article-5467745/NS-cuts-rate-three-year-fixed-savings-accounts.html

 

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4 hours ago, Just_Do_It said:

 

I disagree that this is the right direction.  I'm a saver, so unless the below article is incorrect, or this is a different product, then I'm sure I'm not the only one who's unhappy about the lower rates offered.

http://www.thisismoney.co.uk/money/saving/article-5467745/NS-cuts-rate-three-year-fixed-savings-accounts.html

 

This is Money have completely missed the point, as usual :rolleyes:.

The 2.2% bond is still available but the maximum investment is £3,000, whereas you can put up to a mil in the new 1.95% bond. 

We're over 65 but we never bothered with the pensioner bonds due to the small amounts allowed. 

 

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NS&I allowed a mil in the last bond at 2.2%, they don't have links to historical rates, but here's a review from which (December 2017) comparing the bond with accounts requiring 25k:

https://www.google.com/amp/s/www.which.co.uk/news/2017/12/nsi-guaranteed-growth-income-bonds-back/%3famp_markup=1#ampshare=https://www.which.co.uk/news/2017/12/nsi-guaranteed-growth-income-bonds-back/

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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