Media centre /
Press release
NS&I DIRECT ISA INTEREST RATE LOWERS TO 4.80% FOLLOWING DECREASE IN BANK OF ENGLAND BASE RATE
08 October 2008
- New rate effective immediately
The interest rate paid on NS&I’s Direct ISA will decrease from 5.30% per annum to 4.80% following today’s decrease in the Bank of England base rate by 0.50%.
The new rate becomes effective from today and is guaranteed to be 0.30% above base rate until 5 April 2009.
Direct ISA key features
- Invest online and by phone only with a debit card
- Interest rate guaranteed to be 0.30% above base rate until 5 April 2009
- Minimum deposit: £1,000
- Minimum further deposit: £250 (or £100 by standing order)
- Minimum withdrawal: £250 to nominated bank account
- All interest free of UK Income Tax
- Direct ISA is open to new customers – customers who had opened an NS&I Cash ISA by 5 April 2006, can transfer into NS&I’s Direct ISA but it is not possible to transfer in from any other provider.
Ends
Media team
NS&I has a number of spokespeople available for interviews and our experienced radio team is available via our ISDN line: 020 7602 4522.
The numbers below are for media use only.
Customers
wishing to contact NS&I can find details here.
Back to top
