National Savings and Investments Rate Changes
18 August 2005
Fall in base rate means reduction to variable rate products
National Savings and Investments (NS&I) is changing the interest rates it offers on all of its variable rate savings offers.
Following a reduction in the Bank of England base rate on 4 August 2005 from 4.75% to 4.50%, interest rates on NS&I?s variable rate offers will be reduced. NS&I has not reduced rates on any of its variable rate products since July 2003, when the Bank of England last announced a reduction to the base rate.
formatting link