Weak gilts boost for National Savings & Investments plans

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 interest 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. These are the third interest rate hikes on NS&I products in the past two months. The rate increase results in annual interest on one-year Fixed Savings Bonds rising by 25 basis points. This reduces to 20 basis points for the monthly interest option for those with mor...