National Savings and Investments
 


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Press release

NS&I DIRECT ISA INTEREST RATE LOWERS TO 3.30% FOLLOWING DECREASE IN BANK OF ENGLAND BASE RATE

07 November 2008

The interest rate paid on NS&I’s Direct ISA will decrease from 4.80% per annum to 3.30% following yesterday’s decrease in the Bank of England base rate

In line with NS&I’s continued commitment to the pricing of its Direct ISA – ensuring transparency and consistency - the new rate becomes effective from today, Friday 7 November 2008. 

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

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.

Gareth Headon 020 7348 9494
gareth.headon@nsandi.com
Gill Stephens 020 7348 9449
gill.stephens@nsandi.com
Iman Asante 020 7348 9301
iman.asante@nsandi.com
Monica Del-Villar 020 7348 9654
monica.del-villar@nsandi.com

ISDN for interviews

020 7602 4522

Out of hours

All numbers above diverted to staffed mobile phones
 

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