NS&I (National Savings and Investments) makes changes to product range

• NS&I withdraws Savings Certificates from general sale

• Interest rates on NS&I Direct Saver and Income Bonds reduced

NS&I (National Savings and Investments) has withdrawn from general sale its current Issues of Savings Certificates (both Fixed Interest Savings Certificates and Index–linked Savings Certificates). The interest rates on the NS&I Direct Saver and Income Bonds have also been reduced by 0.25% with immediate effect.

Northern Rock to lose 100% deposit guarantee

The removal of the 100% guarantee will take place on 24 May.

NS&I Income Bond payments delayed

Eight thousand savers who bought income bonds from National Savings & Investments have not received their interest payment for this month because of ‘technical issues’, the government-owned institution has said. Read more by clicking on the heading above...

National Savings Withdraw Fixed Rate Bonds

As the title says NSI withdrew their highly competitive range of fixed rate bonds following complaints from various banks and building societies. Leaving savers with lower rates and banks with higher margins and greater profits. Something wrong here?