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Media centre /
Press releaseNS&I DIRECT ISA INTEREST RATE RISES TO 5.30% FOLLOWING INCREASE IN BANK OF ENGLAND BASE RATE 03 August 2006
The interest rate paid on National Savings and Investments’ Direct ISA, launched in April this year, will rise from 5.05% per annum to 5.30% following today’s increase in the Bank of England base rate by 0.25%. The new higher rate becomes effective from today and is guaranteed to be at least 0.55% above base rate until 5 April 2008 at the earliest. NS&I’s Direct ISA was launched on 6 April 2006 and is available online and by telephone only. Direct ISA customers can invest up to £3,000 each tax year and make subsequent deposits, carry out balance checks, look at their transaction history and make withdrawals online 24 hours a day and by phone between 7 a.m. and midnight, seven days a week. And the Direct ISA comes with the 100% capital guarantee which NS&I can offer because all of its savings and investments are backed by HM Treasury. Direct ISA key features
NS&I will announce any other proposed interest rate changes in due course. Ends The numbers below are for media use only. Customers should call 0845 964 5000
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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