Let down by NS&I

Under the headline ‘How NS&I betrayed its loyal savers’, the Sunday Telegraph castigates National Savings & Investments for failing to defend savers’ interests.

Instead, it has just repeatedly cut interest rates (the latest being a reduction in its Direct ISA rate from 2.25% to 1.75%) and axed its always-popular inflation-proof index-linked certificates completely. It should now increase rates to savers, in line with new targets set by the Chancellor in his Autumn Statement.