NS&I hit savers again with British Savings Bonds rate cut

NS&I said the changes to its British Savings Bond rates reflect changes in the wider market (Gareth Fuller/PA) -

Savers have suffered another disappointing blow as NS&I launched new issues of its British Savings Bonds - but with lower interest rates well below the best normal savings accounts on the market.

The move reflects “changes in the wider market”, the Treasury-backed provider said.