National Savings
NS&I RATE CHANGE FOR DIRECT SAVER AND INCOME BONDS
RATE CHANGE FOR DIRECT SAVER AND INCOME BONDS
NS&I has today, 27th January 2026 announced changes to the interest rates on Direct Saver and Income Bonds.
NS&I has decreased the Direct Saver and Income Bonds rates, effective from 12th February.
Rate change
| NS&I account | Previous rate | New rate |
| Direct Saver | 3.30% Gross/AER (taxable) |
3.05% Gross/AER (taxable) |
| Income Bonds | 3.26% gross/3.30% AER (taxable) |
3.01% gross/3.05% AER (taxable) |
Find out more at nsandi.com
Definitions
AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
National Savings and Investments is backed by HM Treasury.