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The name was changed again in 2002 to National Savings and Investments. [10] The previous graphic identity of NS&I, including the NS&I logotype, was created in 2005 by Lloyd Northover, the British design consultancy founded by John Lloyd and Jim Northover. [11] The identity was updated in 2020.
Secure Trust Bank has a top rate of 5.85 per cent for a savings account with a fixed term of nine months. The account is called a 9 Month Fixed Rate Bond and its deposit minimum is £1,000.
Index-linked Savings Certificates are British inflation linked bonds from National Savings and Investments, the state-owned savings bank in the United Kingdom. The bond terms are typically 2, 3 or 5 years. The returns are linked to Retail Price Index (RPI) with a tiny added interest rate on top. The Bonds can now only be cashed in at maturity.
Post Office Savings Bank became National Savings Bank in 1969, later renamed National Savings and Investments (NS&I), an agency of HM Treasury. While continuing to offer National Savings services, the (then) General Post Office, created the National Giro in 1968 (privatized as Girobank and acquired by Alliance & Leicester in 1989).
A new issue of the NS&I bonds has been launched paying 1.30% interest, after a previous issue launched last year offered savers 0.65%.
Money invested in the bonds will help to finance green projects, such as preventing pollution and using energy more efficiently, NS&I said. NS&I launches new issue of its Green Savings Bonds ...
In December 2008, NS&I reduced the interest rate (and therefore the odds of winning) due to the drop in the Bank of England base rate during the Great Recession, leading to criticism from members of Parliament, financial experts and holders of bonds; many claimed Premium Bonds were now "worthless", and somebody with £30,000 invested and ...
This page was last edited on 16 August 2006, at 20:49 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...