Cascade Commentary


NS&I reduce rates from 24th November 2020

November 2020

NS&I have reduced the rates on their popular product range from the 24th November 2020. From this date, the Income Bond will pay 0.01%, the Direct Saver will pay 0.15%, the Investment Account will pay 0.01%, the Direct ISA will pay 0.10% and the Junior ISA will pay 1.50%. The reduction in rates is also accompanied by changes to the NS&I Customer Agreement including a provision whereby balances below £646.00 in the Income Bond will not earn any interest each month.

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