NS and I

Government-backed savings provider NS&I has reduced the amount savers can put into its fixed savings accounts from £1 million to £10,000.

Today is the last day you can invest in Government-backed savings provider NS&I's Investment Bond, which pays savers 2.2% for three years.

Government-backed savings provider NS&I has today launched fixed savings accounts allowing savers to deposit up to £1 million. Both its headline deals are beaten by others on the market though – here's how they compare.

Millions of Premium Bond holders will have a better chance of winning from next month as NS&I is boosting the prize fund, following last week's Bank of England base rate rise.

Government-backed savings provider NS&I has today closed applications to new customers for its five-year children's bonds, though hundreds of thousands of existing accounts can still be renewed at maturity if the child is under 16.

The new Investment Bond from Government savings provider NS&I will pay savers 2.2% for three years from April 2017, Chancellor Philip Hammond confirmed today. Despite its name it's a savings account that pays interest, it's not a risky investment.

Premium Bond prizes are to be cut from May by NS&I, with millions of savers less likely to win as a result.

Savers will be able to stash away more cash in Premium Bonds as the limit rises today, but there is still no guarantee you get a return on your investment.