National Savings & Investments has announced rate reductions on its Income Bonds, Direct ISA and Direct Saver to take effect from 12th September 2013. The Income Bonds will reduce from 1.75% gross/1.76% AER to 1.25% gross/1.26% AER. The Direct ISA will reduce from 2.25% to 1.75% tax free/AER and the Direct Saver will reduce from 1.50% to 1.10% gross/AER. These changes will affect both customers opening new accounts and existing account holders.
For more information on alternative accounts please refer to our best buy tables.
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