Ian Ackerley, NS&I Chief Executive, said: “Reducing interest rates is always a difficult decision.

“We need to ensure our interest rates are set at an appropriate position against those of our competitors.

“These changes reflect NS&I’s requirement to strike a balance between the needs of our savers with taxpayers and the stability of the broader financial services sector.

“We believe our new rates offer our customers a fair return and the assurance of the 100% HM Treasury guarantee on all their holdings with NS&I.”



READ SOURCE

READ  She accumulated Rs 32 lakh and thought she was investing, but she wasn’t…

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here