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Media centre /
Press releaseNS&I DIRECT ISA INTEREST RATE RISES TO 5.55% FOLLOWING INCREASE IN BANK OF ENGLAND BASE RATE09 November 2006
The interest rate paid on National Savings and Investments’ Direct ISA, launched in April this year, will rise from 5.30% per annum to 5.55% 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, 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 interest rate changes in due course. Ends
Media team The numbers below are for media use only. Customers wishing to contact NS&I can find details here.
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