Branch² Intelligence
NS&I accounts to snap up now - and the duds I'd avoid at all costs: SYLVIA MORRIS
Key takeaway
NS&I targets £15bn from savers this year, likely cutting rates on popular accounts to manage inflows.
- Step 1NS&I sets £15bn funding target, adjusts savings rates to control inflows.
- Step 2Savers switch from NS&I to best-buy accounts at banks and building societies, increasing deposit competition.
- Step 3Banks reduce savings rates as NS&I competition abates, compressing SME deposit margins.
Source: This Is Money
This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.