NS&I increases interest rates across savings bonds - full list here
National Savings and Investments has raised fixed-term bond rates against wider market cuts
www.gbnews.comHere’s the latest I can share based on recent reporting:
-
NS&I has been adjusting its fixed-term British Savings Bonds in response to market conditions. Notably, there have been rate increases announced for new issues of 1-year bonds (Growth and Income) and mixed moves for longer terms in late 2024–2025, with some articles highlighting a jump to around 4.10–4.20% AER for 1-year issues and similar levels for 2–5 year bonds in those periods. These changes were framed as NS&I lifting rates on new issues to attract savers and fund-raising needs.[1][2][3][4]
-
For context, prior in 2025 NS&I had cut longer fixed-term bond rates earlier in the year, then later raised rates again for new issues on several bonds, while the premium bond prize rate history remained separate and subject to change.[2][3][4]
-
Market reaction often notes that NS&I’s increases can be attractive relative to some providers, but may still lag behind the best available market rates in other savings products depending on term and product type.[7][1][2]
If you’d like, I can pull the very latest specific rate table for current NS&I British Savings Bonds (1-year, 2-year, 3-year, 5-year) and compare them to other common fixed-term products from major banks, so you can decide what fits your savings horizon. Would you like that?
Notes:
- NS&I’s official updates and press releases are the most authoritative source for exact rates and issue numbers. If you want, I can fetch the current NS&I rate table and list the exact APYs for each bond issue.[8]
- Given your location in Los Angeles, if you’re considering UK NS&I products as a benchmark for discussion, I can also map how these rates compare to typical UK savings benchmarks you might encounter when traveling or if you have UK-based accounts.[5]