From MoneyWeek · · 1m 20s
NS&I Rises Savings Rates to 5%+
NS&I boosts eight savings accounts to over 5% interest for the second time in two months.
In brief
NS&I boosts eight savings accounts to over 5% interest for the second time in two months. NS&I increased interest rates on eight fixed-rate savings accounts to 5.17% gross/AER for five-year bonds, aiming to meet a £15 billion net financing target for 2026/27. Originally reported by MoneyWeek.
NS&I Hikes Savings Rates
NS&I increased rates on eight fixed-rate savings accounts for the second time in two months.
Rates Now Exceed 5%
The one, two, three and five-year fixed rate accounts now pay more than 5% interest.
Net Financing Target
NS&I aims to meet a net financing target of £15 billion for the 2026/27 tax year, up from £13 billion in 2025/26.
Guaranteed Growth Bonds
Guaranteed Growth Bonds pay interest annually while Guaranteed Income Bonds pay interest monthly.
One-Year Bond Rates
The one-year Guaranteed Growth Bonds rate increased to 4.99% gross/AER, and Guaranteed Income Bonds to 4.88% gross/4.99% AER.
Two-Year Bond Rates
The two-year Guaranteed Growth Bonds rate increased to 5.07% gross/AER, and Guaranteed Income Bonds to 4.96% gross/5.07% AER.
Three-Year Bond Rates
The three-year Guaranteed Growth Bonds rate increased to 5.10% gross/AER, and Guaranteed Income Bonds to 4.99% gross/5.10% AER.
Five-Year Bond Rates
The five-year Guaranteed Growth Bonds rate increased to 5.17% gross/AER, and Guaranteed Income Bonds to 5.06% gross/5.17% AER.
The headline
NS&I increased interest rates on eight fixed-rate savings accounts to 5.17% gross/AER for five-year bonds, aiming to meet a £15 billion net financing target for 2026/27.
