{"id":722183,"date":"2026-08-01T04:36:22","date_gmt":"2026-08-01T04:36:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/722183\/"},"modified":"2026-08-01T04:36:22","modified_gmt":"2026-08-01T04:36:22","slug":"nsi-confirms-major-overhaul-to-british-savings-bond-ahead-of-premium-bonds-announcement","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/722183\/","title":{"rendered":"NS&I confirms major overhaul to British Savings Bond ahead of Premium Bonds announcement"},"content":{"rendered":"

National Savings and Investments (NS&I) has announced a major overhaul to its line of savings products ahead of next week’s Premium Bonds.<\/p>\n

While primarily known for its signature Premium Bonds, which allow savers to win cash prizes in a monthly lottery, the Government-backed bank also provides other money-saving vehicles.<\/p>\n

The financial institution has raised interest rates on its fixed-term British Savings Bonds, covering terms of one, two, three and five years.<\/p>\n

This comes days after the Bank of England Monetary Policy Committee’s (MPC) decision to keep the base rate at 3.75 per cent amid inflationary concerns.<\/p>\n

\"NS&I<\/p>\n

NS&I is making changes to its line of savings products <\/p>\n

| <\/p>\n

GETTY \/ NS&I<\/p>\n

The increases apply to both its Guaranteed Growth Bonds and Guaranteed Income Bonds products. Customers opening new accounts as well as those with maturing investments can access the improved rates.<\/p>\n

These rate rises are a response to shifting conditions across the broader savings market, with other banks and building societies following suit.<\/p>\n

NS&I said the changes would support its efforts to hit its Net Financing target, while maintaining a balance between the needs of savers, taxpayers and the wider financial services industry.<\/p>\n

Andrew Westhead, NS&I’s Retail Director, said: “Today’s increases mean savers can now choose from improved fixed-term rates across our one, two, three and five-year British Savings Bonds, with the certainty of knowing exactly what return they will receive over their chosen term.” <\/p>\n

\"NS&IHave you won on Premium Bonds? | GETTY\"WorriedBritish savers are looking for the best deal | GETTY<\/p>\n

He added: “Alongside that certainty, customers continue to benefit from the reassurance that all money invested with NS&I is 100 per cent secure and backed by HM Treasury.” <\/p>\n

The emphasis on Treasury backing distinguishes NS&I from other savings providers, as deposits held with the government-owned institution carry full protection rather than being subject to the Financial Services Compensation Scheme limit.<\/p>\n

British Savings Bonds are accessible to savers looking for guaranteed interest rates for fixed terms of either one, two, three or five years. <\/p>\n

It should be noted that funds cannot be withdrawn early from fixed-term products, while savers need a minimum investment of \u00a3500 and a maximum of \u00a31million per person in each issue.<\/p>\n

\"Premium<\/p>\n

Are you <\/p>\n

| NS&I;<\/p>\n

Here is a full list of the changes to British Savings Bonds from NS&I:<\/p>\n

New interest rate on the one-year growth option is 4.72 per cent gross\/AER, and the Income option is 4.63 per cent gross\/4.72 per cent AERNew interest rate on the two-year growth option is 4.70 per cent gross\/AER, and the Income option is 4.61 per cent gross\/4.70 per cent AERNew interest rate on the three-year growth option is 4.68 per cent gross\/AER, and the income option is 4.59 per cent gross\/4.68 per cent AERNew interest rate on the five-year growth option is 4.75 per cent gross\/AER, and the income option is 4.65 per cent gross\/4.75 per cent AER<\/p>\n","protected":false},"excerpt":{"rendered":"National Savings and Investments (NS&I) has announced a major overhaul to its line of savings products ahead of…\n","protected":false},"author":2,"featured_media":722184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,2222,134891,3668,56,54,55],"class_list":["post-722183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-money","tag-nsi","tag-savings","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/722183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=722183"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/722183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/722184"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=722183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=722183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=722183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}