Following the recent round of interest rate rises, National Savings has finally got around to increasing rates.
Variable rate Easy Access Savings Accounts and Savings Certificates will rise between 0.15% and 0.30% and fixed rate products will increase between 015% and 0.20%.
Our View
Whilst investing in National Savings products can form a solid part of everyone's portfolio, the rates have never been competitive. The Government are trying to bring National Savings and Investments in line with other providers and, as times go on, we believe the products will become more competitive.