The new 3-year fixed-rate British Savings Bonds - announced by the Chancellor in his Spring Budget - have gone on sale from today offering interest of 4.15% gross/AER.

Government-backed NS&I is to reduce the prize fund rate for Premium Bonds from 4.65% to 4.40% from its March draw.

Premium Bonds have created 24 new prize-winning millionaires in 2023.

NS&I has cut the rate on its new three-year Green Savings Bond launched today by almost a third compared to its predecessor - from 5.7% to 3.95%.