Weak gilts benefit NS&Is

Investors with National Savings and Investments (NS&I) are set to benefit from continued weakness in...

Investors with National Savings and Investments (NS&I) are set to benefit from continued weakness in the gilt market, with rates across NS&I fixed-rate products set to rise. With gilt yields continuing to rise, fixed rate products will see rate increases of between 15 and 25 basis points, effective from 22 October - the third rate hikes on NS&I products in the past two months. The annual interest on one-year Fixed Savings Bonds will rise by 25 basis points, reducing to 20 basis points for the monthly interest option for those with more than £20,000 invested. Annual rates from Children's B...