National Savings and Investments

INTEREST RATES

Lower variable rate on the NS&I Direct ISA from 27 February 2014

This is to give advance notice of a reduction to the interest rate on our Direct ISA from 27 February 2014.

Current rate pa	Current rate AER 1	New lower rate pa from 27 February 2014	New lower rate AER from 27 February 2014
Direct ISA £1+	1.75%	1.75%	1.50% tax-free 2	1.50%

You can find all our interest rates on our website nsandi.com along with full information on our savings and investments. You can also sign up for email updates to keep up to date with our rate changes and other news from NS&I.

Or you can call us free on 0500 007 007 . We’re available every day from 7am till midnight. Calls from mobiles and some landline providers may not be free. Calls may be recorded.

1. AER stands for Annual Equivalent Rate and illustrates what the interest would be if the interest was paid and compounded once each year.

2. Tax-free means that the interest is exempt from UK Income Tax and Capital Gains Tax.

National Savings and Investments is a Trade Mark of the Director of Savings

National Savings and Investments is backed by HM Treasury