The best one-year savings product

There's good news for savers with the launch of a market-beating one-year fixed-rate savings bond from NS&. Plus, Ruth Jackson explains where to find the best Isa rate for your money.

Good news for savers this week. National Savings and Investments (NS&I) shocked other banks and building societies by launching a market beating savings product.

NS&I had a good 2008. First, the collapse of Northern Rock sent savers running for the safety of an HM Treasury guaranteed account. Then, in October 2008, Lehman Brothers collapsed and panicking savers pushed £10bn more into NS&I's coffers. But in the last six months, customers have been deserting NS&I due to its pitiful interest rates. Now that is about to change once more.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.