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After cutting rates on most of its British Savings Bonds (Guaranteed Growth Bonds and Guaranteed Income Bonds) three weeks ago, NS&I has increased rates on the one-year version of the bond.
NS&I has announced an immediate increase to the interest rates for the one year term of British Savings Bonds (aka Guaranteed Growth Bonds and Guaranteed Income Bonds):
Product | Term | Old Rate | New Rate from 24/7 |
Guaranteed Growth Bonds |
| ||
| 1 year | 4.05% gross/AER | 4.18% gross/AER |
Guaranteed Income Bonds |
| ||
| 1 year | 3.98% gross/4.05% AER | 4.11% gross/4.18% AER |
Before NS&I’s announcement the best one year fixed rate in the market according to Moneyfacts was 4.53% AER and 4v.33% monthly (also 4.53% AER).
The nearest equivalent gilts are Treasury 1.50% 2027 (TG26 maturing 22/07/2026), and Treasury 0.375% 2026 (T26A maturing 22/10/2026) which have net redemption yield as follows:
Tax Rate | 0% | 20% | 40% | 45% | ||||
Gilt | TG26 | T26A | TG26 | T26A | TG26 | T26A | TG26 | T26A |
Net Redemption Yield | 3.80% | 3.62% | 3.49% | 3.55% | 3.19% | 3.47% | 3.11% | 3.62% |
Gross Equivalent | 3.80% | 3.62% | 4.36% | 4.44% | 5.32% | 5.78% | 5.65% | 6.27% |
Source: Techlink Professional
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Approved by 2plan wealth management Ltd on 20/05/2025
