NS&I hikes rates on British Savings Bonds amid competitive savings market

NS&I has increased rates on its British Savings Bonds as it looks to meet its net financing target (Gareth Fuller/PA Archive) - (PA Archive)

Savings giant NS&I has increased the rates it is offering on its British Savings Bonds in response to changes in the market.

The provider said the move will help NS&I to meet its net financing target while continuing to balance the interests of savers, taxpayers and the broader financial services sector.