'Changes made' to NS&I product range
NS&I has detailed a number of alterations it has made to its product range.
The organisation announced its Savings Certificates have been withdrawn from sale, while interest rates paid on its Direct Saver and Income Bonds have been reduced by 0.25 per cent.
Sales volumes have exceeded expectations across all three items in recent months, the body observed.
Jane Platt, chief executive of NS&I, said the company follows a policy "of acting transparently and balancing the interests of our savers [and] the taxpayer", while also taking into account the wider financial services market.
She added the move has been made to ensure the group dos not exceed its Net Financing target.
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- bonds fixed income ,
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