NATIONAL SAVINGS AND INVESTMENTS RATE CHANGES
03 April 2006
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New issues of Inflation-Beating Savings now available
National Savings and Investments (NS&I) is changing interest rates on its Inflation-Beating Savings Certificates and Fixed Interest Savings Certificates following movements in market rates for government bonds (gilts).
Rates are increasing on Fixed Interest Savings Certificates because returns on fixed rate (nominal) gilts have risen, while the returns on inflation-linked (real) gilts have fallen sharply, resulting in a reduction on Inflation-Beating Savings interest rates.
NS&I last changed interest rates on its fixed rate products in December
2005.