NS&I, National Savings & Investments is reducing the interest rates on its income bonds and Direct Saver and Direct ISA from 12 September 2013. They have confirmed that this is to reflect the low interest rate environment. Rates on NS&I’s income bonds and Direct ISA will be 1.25% and 1.75% respectively, both reductions of 0.5%. The rate on its Direct Saver will be 1.1%, a cut of 0.4%.  Please see the NS&I website for more details and updates:  http://tinyurl.com/mrd8cp5

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