You are here: Home - Saving & Banking - News -

NS&I cuts interest rate on Direct ISA

Written by:
National Savings & Investments (NS&I) has cut the interest rate paid on its Direct ISA by 0.25%.

The rate has reduced from 2.50% to 2.25% tax-free/AER.

NS&I said it had taken the decision to reduce the rate following its regular review of the savings market, which includes the interest rates payable on products comparable to Direct ISA.

The interest rates on NS&I’s other savings products remain unchanged.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
BoE to vote against more QE

The Bank of England's Monetary Policy Committee is expected to vote against pumping more money into the economy when it...