- New Issues of British Savings Bonds on sale today with higher interest rates
- Savers looking for 1, 2, 3 and 5-year fixed-term options will benefit
- Savers can choose between Guaranteed Income Bonds paying interest monthly or Guaranteed Growth Bonds paying interest at maturity
NS&I has today increased interest rates for savers, with new Issues of its 1, 2, 3 and 5-year fixed-term British Savings Bonds - Guaranteed Growth Bonds (GGB) and Guaranteed Income Bonds (GIB). The new Issues are available to both new and maturing customers.
Today’s rate increases reflect changes in the wider savings market and 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.
Andrew Westhead, NS&I Retail Director, said: “Today’s increases mean savers can now choose from improved fixed-term rates across our 1, 2, 3 and 5-year British Savings Bonds, with the certainty of knowing exactly what return they will receive over their chosen term.
“Alongside that certainty, customers continue to benefit from the reassurance that all money invested with NS&I is 100% secure and backed by HM Treasury.”
British Savings Bonds – Guaranteed Growth Bonds and Guaranteed Income Bonds
The new interest rate on the 1-year Growth option is 4.72% gross/AER, and the Income option is 4.63% gross/4.72% AER.
The new interest rate on the 2-year Growth option is 4.70% gross/AER, and the Income option is 4.61% gross/4.70% AER.
The new interest rate on the 3-year Growth option is 4.68% gross/AER, and the Income option is 4.59% gross/4.68% AER.
The new interest rate on the 5-year Growth option is 4.75% gross/AER, and the Income option is 4.65% gross/4.75% AER.
British Savings Bonds (GGB and GIB) are available to customers wanting a guaranteed interest rate for fixed terms 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 Funds cannot be withdrawn early with fixed-term accounts.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.
New interest rate product summary
British Savings Bonds
| Product | Previous interest rate (from 23 June 2026) | New interest rate from 31 July 2026 (on general sale) |
| Guaranteed Growth Bonds 1-year (Issue 91) | 4.69% gross/AER | 4.72% gross/AER |
| Guaranteed Income Bonds 1-year (Issue 91) | 4.60% gross/4.69% AER | 4.63% gross/4.72% AER |
| Guaranteed Growth Bonds 2-year (Issue 79) | 4.67% gross/AER | 4.70% gross/AER |
| Guaranteed Income Bonds 2-year (Issue 79) | 4.58% gross/4.67% AER | 4.61% gross/4.70% AER |
| Guaranteed Growth Bonds 3-year (Issue 81) | 4.65% gross/AER | 4.68% gross/AER |
| Guaranteed Income Bonds 3-year (Issue 81) | 4.56% gross/4.65% AER | 4.59% gross/4.68% AER |
| Guaranteed Growth Bonds 5-year (Issue 73) | 4.55% gross/AER | 4.75% gross/AER |
| Guaranteed Income Bonds 5-year (Issue 73) | 4.46% gross/4.55% AER | 4.65% gross/4.75% AER |
-Ends-
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 gross rate quoted and the AER will be the same.
- The gross rate is the rate of interest paid before the deduction of UK Income Tax.
- Guaranteed Growth Bonds are a lump sum investment that earns a fixed rate of interest over a set period of time called an ‘investment term’. Guaranteed Growth Bonds are designed to be held for the full term. Interest is calculated daily and paid when the product matures. The interest earned will count towards taxable income in the tax year the Bond matures if the individual’s threshold has been met.
- 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 2026-27 is £15 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.