NS&I savings accounts: Interest rates slashed on these products – full list of new rates

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In the interim, the Premium Bonds prize fund rate has remained at 1.40 percent.

This is moderately than the planned reduction of 10 basis points to 1.30 percent.

The transform would have seen the odds of winning in the Premium Bonds shift to 26,000 to one.

Instead, the odds of any £1 Bond number winning any choice continues to be 24,500 to one.

DON’T MISS

Despite these cancelled cuts, some reductions did go at the on NS&I fixed term savings products on May 1.

That said, customers prove valid Guaranteed Growth Bonds, Guaranteed Income Bonds and Fixed Excite Savings Certificates and whose investments mature on or before June 1 2020 and who automatically repeat into a new Issue of the same term, will receive the previous, exhilarated interest rate, NS&I said at the time back in April.

But, any customers who decide to renew into a new Issue but a term of a different length, would accept the reduced interest rate effective from May 1 2020.

So, what are the products which oblige changed?

Guaranteed Growth Bonds (one-year)

WAS: 1.25 percent all-inclusive/AER

NOW: 1.10 percent gross/AER (-15 basis points)

Guaranteed Growth Bonds (two-year)

WAS: 1.45 percent improper/AER

NOW: 1.20 percent gross/AER (-25 basis points)

Guaranteed Growth Engagements (three-year)

WAS: 1.70 percent gross/AER

NOW: 1.30 percent gross/AER (-40 foundation points)

Guaranteed Growth Bonds (five-year)

WAS: 2.00 percent bulky/AER

NOW: 1.65 percent gross/AER (-35 basis points)

Guaranteed Income Restraints (one-year)

WAS: 1.20 percent gross / 1.21 percent AER

NOW: 1.05 percent gate / 1.06 percent AER (-15 basis points)

Guaranteed Income Bonds (two-year)

WAS: 1.40 percent gate / 1.41 percent AER

NOW: 1.15 percent gross / 1.16 percent AER (-25 underpinning points)

Guaranteed Income Bonds (three-year)

WAS: 1.65 percent obvious / 1.66 percent AER

NOW: 1.25 percent gross / 1.26 percent AER (-40 main ingredient points)

Guaranteed Income Bonds (five-year)

WAS: 1.95 percent revolting / 1.97 percent AER

NOW: 1.60 percent gross / 1.61 percent AER (-35 point of departure points)

Fixed Interest Savings Certificates (two-year)

WAS: 1.30 percent tax-free/AER

NOW: 1.15 percent tax-free/AER (-15 foundation points)

Fixed Interest Savings Certificates (five-year)

WAS: 1.90 percent tax-free/AER

NOW: 1.60 percent tax-free/AER (-30 footing points)

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