National Savings and Investments (NS&I) cuts interest rates

We know many of our clients save with NS&I. In a time of lower interest rates with banks and building societies, this is a blow to anyone holding accounts with NS&I. The reduction is significant for those holding its Direct ISA, Direct Saver, Income Bonds and Investment Account.

The rates though won’t reduce until 6 June, plenty of time if you wish to find a new home for your savings.



Current rate

New lower rate

Effective date

Direct ISA


1.25% tax-free/AER

1.00% tax-free/AER

6 June 2016

Direct Saver


1.10% gross/AER

0.80% gross/AER

6 June 2016

Income Bonds


1.25% gross 1.26% AER

1.00% gross/AER

6 June 2016

Investment Account


0.75% gross/AER

0.45% gross/AER

1 July 2016

They are also reducing the prize fund rate on Premium Bonds.

For more information see the NS&I web site—click here


Read our Voting Guidelines

Following on from the publishing of our Stewardship report, we have released our Voting Guidelines...

Read more

Get in touch with our team

We’re available by phone and email, but most of all in person to provide expert advice and assistance.

Read more

The Better Society Awards 2018

Castlefield have been shortlisted for three categories in this year’s Better Society Awards.

Read more