National Savings And Investments

Millions of savers have suffered at the hands of the National Savings and Investments (NS&I) bank after it cut payouts on accounts and Premium Bonds.

National Savings and Investments (NS&I) has announced that it will slash interest rates on 1.5 million accounts. The bank, which is backed by the Treasury, is cutting interest rates on 1.5m accounts which contain almost £25bn worth of savings. Experts have blamed the move on a no-deal Brex