National Savings and Investments
Interest Rates
Fixed gross rates*
New Issues from 18 June 2008
| Rate pa | AER** | |
| 1-Year Guaranteed Growth Bond – Issue 44 | 4.75% | 4.75% |
| Taxable, paid net | ||
| 3-Year Guaranteed Growth Bond – Issue 38 | 4.75% | 4.75% |
| Taxable, paid net | ||
| 5-Year Guaranteed Growth Bond – Issue 35 | 4.75% | 4.75% |
| Taxable, paid net | ||
| 1-Year Guaranteed Income Bond – Issue 44 | 4.65% | 4.75% |
| Taxable, paid net | ||
| 3-Year Guaranteed Income Bond – Issue 38 | 4.65% | 4.75% |
| Taxable, paid net | ||
| 5-Year Guaranteed Income Bond – Issue 35 | 4.65% | 4.75% |
| Taxable, paid net |
Fixed tax-free rates***
New Issues from 18 June 2008
| Rate pa | AER | |
| Children's Bonus Bonds – Issue 30 | 4.45% | 4.45% |
Guaranteed compound rate over 5 years
(including 5th anniversary bonus)
| Equivalent | Equivalent | ||||||
| grossed up | grossed up | ||||||
| rate for | rate for | ||||||
| basic rate | higher rate | ||||||
| Rate pa/AER | taxpayers† | taxpayers | |||||
| 2-Year Fixed Interest | |||||||
| Savings Certificates | 3.50% | 4.38% | 5.83% | ||||
| 43rd Issue Guaranteed | |||||||
| compound rate over 2 years | |||||||
| 5-Year Fixed Interest | |||||||
| Savings Certificates | 3.50% | 4.38% | 5.83% | ||||
| 92nd Issue Guaranteed | |||||||
| compound rate over 5 years | |||||||
| 3-Year Index-linked | Index- | Index- | Index- | ||||
| Savings Certificates | linking plus†† | linking plus | linking plus | 18th Issue Guaranteed | 1.00% | 1.25% | 1.67% |
| compound rate over 3 years | |||||||
| 5-Year Index-linked | Index- | Index- | Index- | ||||
| Savings Certificates | Linking plus | linking plus | linking plus | 45th Issue Guaranteed | 1.00% | 1.25% | 1.67% |
| compound rate over 5 years | |||||||
| * | Gross is the taxable rate of interest payable without the deduction of UK Income Tax. | ||||||
| ** | AER (Annual Equivalent Rate) enables you to compare interest rates from different financial institutions on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year the rate quoted and the AER will be the same. | ||||||
| *** | Tax-free means that the return is exempt from UK Income Tax and Capital Gains Tax at all rates of taxation. | ||||||
| † | At current rates of tax. | ||||||
| †† | As measured by the Retail Prices Index published by the Office for National Statistics. |
National Savings and Investments is a Trade Mark of the Director of Savings.
If you would like further information on our savings and investments please call 0845 964 5000 (maximum call charges from a BT landline are 4p per minute. Charges from other service providers may vary. Lines open 7 a.m. to midnight. For your security and to maintain the highest levels of service, calls may be recorded). Or visit our website at nsandi.com
National Savings and Investments is backed by HM Treasury