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Finances / Finanzen » uk.finance » NS&I: Savings Certificates rates changed
NS&I: Savings Certificates rates changed [message #377691] Mo, 03 April 2006 16:05
Gerd Brauchberg  
NATIONAL SAVINGS AND INVESTMENTS RATE CHANGES
03 April 2006
http://www.nsandi.com/press-room/press-releases/pr2004205.js p

New issues of Inflation-Beating Savings now available

National Savings and Investments (NS&I) is changing interest rates on
its Inflation-Beating Savings Certificates and Fixed Interest Savings
Certificates following movements in market rates for government bonds
(gilts).

Rates are increasing on Fixed Interest Savings Certificates because
returns on fixed rate (nominal) gilts have risen, while the returns on
inflation-linked (real) gilts have fallen sharply, resulting in a
reduction on Inflation-Beating Savings interest rates.

NS&I last changed interest rates on its fixed rate products in December
2005.
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