# NS&I Rises Savings Rates to 5%+

> NS&I boosts eight savings accounts to over 5% interest for the second time in two months.
- Title: NS&I Rises Savings Rates to 5%+ · MoneyWeek | Shortify
- Summary: 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…
- Keywords: ns&i, savings accounts, interest rates, guaranteed growth bonds, guaranteed income bonds, moneyfacts, treasury, Rises, Savings, Rates, MoneyWeek
- Source: MoneyWeek — https://moneyweek.com/personal-finance/savings/nsandi-increases-interest-rates-on-fixed-rate-savings-accounts
- Published: 2026-10-06T11:19:59+00:00
- Read time: 1 min
- Topics: ns&i, savings accounts, interest rates, guaranteed growth bonds, guaranteed income bonds, moneyfacts, treasury
## 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.
## Key takeaway

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.