NS&I boosts interest rates on Premium Bonds and savings accounts

Customers with a Direct Saver and Income Bonds will see their rates increase from 2.3 percent to 2.6 percent. The interest rate on the Direct ISA is going up from 1.75 percent tax-free to 2.15 percent tax-free.

Those with Premium Bonds have a better chance of winning a cash prize, as the prize fund rate increases from three percent to 3.15 percent, from the February draw.

More to follow…