January boost for Premium Bonds holders and savers of all ages as NS&I increases interest rates
More than 870,000 customers holding NS&I’s Direct Saver, Income Bonds and Direct ISA are set to benefit from today as NS&I increases interest rates across all three accounts. The interest rate paid on Direct Saver and Income Bonds will increase from 2.30% to 2.60%, whilst the interest rate on Direct ISA will increase from 1.75% tax-free to 2.15% tax-free.
The Premium Bonds prize fund rate will also increase from 3.00% to 3.15%, effective from the February 2023 prize draw. This follows…