NS&I boosts rates on eight savings accounts – are they best buys?

NS&I has hiked rates on eight of its fixed-rate savings accounts for the second time in two months.The Treasury-backed bank has improved the rate on its one, two, three and five-year fixed rate accounts, with several now paying more than 5%.It comes as NS&I strives to meet its net financing target of £15 billion for the 2026/27 tax year, up from £13 billion in 2025/26.Andrew Westhead, retail director at NS&I, said the move to increase interest rates comes in response to c