NS&I’s fixed bond customers could bag 5.15% saver – are you eligible?

If you hold a fixed bond with NS&I, you could earn 5.15% on your savings. Do you qualify for the rate and how do you get it?

Gold and white piggy banks
(Image credit: SEBASTIAN KAULITZKI/SCIENCE PHOTO LIBRARY)

NS&I is making noise again, and for good reason. If you currently hold savings in NS&I’s fixed bonds, you could be eligible for the provider’s 5.15% rate – the best-fixed savings rate on the market right now. 

The provider hadn’t been able to compete with its 6.2% one-year fixed bond from last summer for a while, leaving savers disappointed. In April, NS&I launched its three-year fixed British Savings Bonds, in the region of 4%. 

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Amount savedInterest earned after one-year
£20,000 (basic-rate taxpayer)£1,024
£20,000 (higher-rate taxpayer)£818
£50,000 (basic-rate taxpayer)£715
£50,000 (higher-rate taxpayer)£1,745

Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.