NS&I boosts interest rates on 8 fixed-rate savings accounts – are they any good?

NS&I has hiked interest rates on its fixed-rate savings products for the third consecutive time this year, making them some of the best on the market. The government-backed bank has increased the interest rates on new issues of its one, two, three, and five-year savings accounts, called British Savings Bonds.It brings NS&I’s top interest rate to 4.75% for the new five-year guaranteed growth bond, or 4.72% for the new one-year guaranteed growth bond.Andrew Westhead, retail director