NS and I

A sharp rise in the cost of living isn't generally good news, and April's Retail Prices Index (RPI) inflation measure, announced yesterday, shows a 19-year high of 5.3%.

Not one standard easy access savings account currently beats the rate of inflation. This means all savers with cash in one are losing money in real terms as their purchasing power is diminished.

Government-owned National Savings & Investments (NS&I) has admitted thousands of savers did not receive interest due at the start of this month.

Premium bond holders will soon see their chances of winning increase, as the prize fund 'interest rate' will rise from 1% to 1.5% on 1 Oct.

Post Office savers could have their protection moved from the troubled Irish economy to the UK.

Premium bond holders’ chances of beating inflation have been slashed from 75% to 1% over the past year, we can reveal today.

Premium Bond holders were dealt a blow today after the interest rate that determines their chances of winning was slashed.