- 1 and 5-year British Savings Bonds back on sale from today
- Increase to interest rates for all British Savings Bonds term lengths
- First time 1, 2, 3 and 5-year Bonds all on sale together since 2010
New Issues of 1- and 5-year British Savings Bonds (Guaranteed Growth Bonds and Guaranteed Income Bonds) have gone back on sale today, along with increased interest rates for 2- and 3-year Bonds for both new customers and existing customers with maturing Bonds.
British Savings Bonds are fixed-term Issues of NS&I’s Guaranteed Growth Bonds and Guaranteed Income Bonds.
The new interest rate on the 1-year Growth option, back on sale today, is 4.05% gross/AER, and the Income option is 3.98% gross / 4.05% AER.
The new interest rate on the 2-year Growth option is 4.00% gross/AER, and the Income option is 3.93% gross / 4.00% AER.
The new interest rate on the 3-year Growth option is 4.10% gross/AER, and the Income option is 4.03% gross / 4.10% AER.
The new interest rate on the 5-year Growth option, back on sale today, is 4.06% gross/AER, and the Income option is 3.99% gross / 4.06% AER.
All four term lengths of 1-, 2-, 3- and 5-year Bonds have not been on sale at the same time since 16 February 2010.
Today’s changes will mean more choice for savers and help NS&I to meet its new Net Financing target for 2025-26, while continuing to balance the interests of savers, taxpayers and the broader financial services sector.
Andrew Westhead, NS&I Retail Director, said: "I'm pleased to announce the return of our 1-year and 5-year British Savings Bonds from today, alongside increased interest rates for our existing 2-year and 3-year fixed-term options.
"In today's changing market, I'm glad we can offer savers who are looking for guaranteed rates greater choice, safe in the knowledge that their savings are 100% protected. Today’s changes will help us to meet our new Net Financing target while continuing to balance the interests of savers, taxpayers and the broader financial services sector."
Guaranteed Growth Bonds and Guaranteed Income Bonds are available to customers wanting a guaranteed rate for a fixed-term of 1, 2, 3 or 5 years. Funds cannot be withdrawn early with fixed-term accounts. Savers will need a minimum investment of £500 and can invest a maximum of £1 million per person in each Issue. After the fixed-term period, savers will have the choice to withdraw their cash or reinvest into a new term.
| Product | Previous interest rate(from 3 December 2024) | New interest rate from 15 April 2025(on general sale) |
| Guaranteed Growth Bonds 1-year (Issue 84) |
3.95% gross/AER (not on general sale) |
4.05% gross/AER |
| Guaranteed Income Bonds 1-year (Issue 84) |
3.88% gross/3.95% AER (not on general sale) |
3.98% gross/4.05% AER |
| Guaranteed Growth Bonds 2-year (Issue 73) | 3.60% gross/AER | 4.00% gross/AER |
| Guaranteed Income Bonds 2-year (Issue 73) | 3.54% gross/3.60% AER | 3.93% gross/4.00% AER |
| Guaranteed Growth Bonds 3-year (Issue 75) | 3.50% gross/AER | 4.10% gross/AER |
| Guaranteed Income Bonds 3-year (Issue 75) | 3.44% gross/3.49% AER | 4.03% gross/4.10% AER |
| Guaranteed Growth Bonds 5-year (Issue 67) |
3.40% gross/AER (not on general sale) |
4.06% gross/AER |
| Guaranteed Income Bonds 5-year (Issue 67) | 3.34% gross/3.39% AER (not on general sale) | 3.99% gross/4.06% AER |
Notes to Editors
- NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% capital security as NS&I is backed by HM Treasury.
- AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year, the rate quoted and the AER will be the same.
- Guaranteed Growth Bonds are a lump sum investment that earns a fixed rate of interest over a set period of time (called ‘investment term’). Guaranteed Growth Bonds are designed to be held for the full term. Interest is calculated daily and is added to the Bond on each anniversary of the investment.
- Guaranteed Income Bonds are a lump sum investment that pays out monthly income at a fixed rate of interest over a set period of time (called ‘investment term’). Interest is calculated daily and is paid into the customer’s nominated bank account.
- Net Financing is the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments. A positive Net Financing figure represents a positive contribution to government financing.
- The Net Financing target for 2025-26 is £12 billion (+/- £4 billion).
- Information on NS&I’s on sale products can be found here .
- NS&I photography and logos are available to download here .