National Savings
National Savings and Investments
Interest Rates
Variable gross rates* | Current | Current | New | New | |
Rate pa | AER** | Rate pa | AER | ||
Income Bonds | £25,000+ | 4.70% | 4.80% | 4.50% | 4.59% |
New rates from 7 October 2008 | Under £25,000 | 4.45% | 4.54% | 4.25% | 4.33% |
Investment Account | £50,000+ | 4.10% | 4.10% | 3.90% | 3.90% |
New rates from 7 October 2008 | £25,000+ | 3.75% | 3.75% | 3.55% | 3.55% |
£10,000+ | 3.55% | 3.55% | 3.35% | 3.35% | |
£5,000+ | 3.35% | 3.35% | 3.15% | 3.15% | |
£500+ | 3.25% | 3.25% | 3.05% | 3.05% | |
Under £500 | 3.20% | 3.20% | 3.00% | 3.00% | |
Easy Access | |||||
Savings Account | £50,000+ | 4.40% | 4.40% | 4.20% | 4.20% |
New rates from 7 October 2008 | £25,000+ | 4.15% | 4.15% | 3.95% | 3.95% |
£10,000+ | 3.90% | 3.90% | 3.70% | 3.70% | |
£5,000+ | 3.65% | 3.65% | 3.45% | 3.45% | |
£1,000+ | 3.35% | 3.35% | 3.15% | 3.15% | |
£100-£999 | 1.85% | 1.85% | 1.65% | 1.65% | |
Variable tax-free rates*** | Current | Current | New | New | |
Rate pa | AER** | Rate pa | AER** | ||
Cash ISA | |||||
New rate from 7 October 2008 | 4.60% | 4.60% | 4.40% | 4.40% |
T Cash ISA† (Formerly Tessa-only ISA)
New rate from 7 October 2008 | 4.60% | 4.60% | 4.40% | 4.40% |
Current prize | New prize | |||
fund rate pa | fund rate pa | |||
Premium Bonds | ||||
from 1 November 2008 | 3.40% | 3.25% |
Annual variable rate used to calculate the prize fund for monthly draws. The odds of each £1 Bond number winning a prize in the monthly draw will be 22,000-1 (currently 21,000-1).
* | 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. |
† | No longer on sale. |
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