Here’s the latest I can share based on recent reporting:
NS&I has been adjusting its fixed-term British Savings Bonds in response to market conditions. Notably, there have been rate increases announced for new issues of 1-year bonds (Growth and Income) and mixed moves for longer terms in late 2024–2025, with some articles highlighting a jump to around 4.10–4.20% AER for 1-year issues and similar levels for 2–5 year bonds in those periods. These changes were framed as NS&I lifting rates on new issues to attract savers and fund-raising needs.[1][2][3][4]
For context, prior in 2025 NS&I had cut longer fixed-term bond rates earlier in the year, then later raised rates again for new issues on several bonds, while the premium bond prize rate history remained separate and subject to change.[2][3][4]
Market reaction often notes that NS&I’s increases can be attractive relative to some providers, but may still lag behind the best available market rates in other savings products depending on term and product type.[7][1][2]
If you’d like, I can pull the very latest specific rate table for current NS&I British Savings Bonds (1-year, 2-year, 3-year, 5-year) and compare them to other common fixed-term products from major banks, so you can decide what fits your savings horizon. Would you like that?
Notes:
NS&I has refreshed its range of fixed-term 'British Savings Bonds' by bringing back its one-year and five-year options. Martin Lewis' MoneySavingExpert.com analyse how they stack-up.
www.moneysavingexpert.comNational Savings and Investments has raised fixed-term bond rates against wider market cuts
www.gbnews.comSavers can access inflation-beating rates on NS&I's British Savings Bonds but there are better deals on offer in the wider market.
moneyweek.comto 1, NS&I announced today in response to changes in the savings market.Additionally, from Friday 20 December 2024, the interest rate for Direct Saver will change to 3.50% gross/AER, and Income Bonds to 3.44% gross/3.49% AER.
nsandi-corporate.comNS&I has increased the interest rates you can get on all of its fixed-term 'British Savings Bonds' – here's how they compare.
www.moneysavingexpert.comNSandI marked the start of 2026 with new issues of its British Savings Bonds. However, savers may be left wondering whether these accounts are still worth considering as they offer lower rates than their predecessors. Find out more:
moneyfactscompare.co.ukNew issues of the British Savings Bonds from Government-backed brand, National Savings and Investments (NSandI), went on sale today – offering consumers a higher return than their predecessors. Find out more:
moneyfactscompare.co.ukSavers will welcome a rise to NS&I’s fixed-term offerings after an interest cut on longer-dated bonds in early July. How do the increased rates compare to the rest of the market?
moneyweek.com