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.

The Chancellor has announced the launch of a new British ISA and changes to ISA allowances as part of a raft of new measures introduced in his Spring Budget to boost investment in UK businesses.

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

New figures reveal £257.8bn is languishing in savings accounts paying no interest at all, leaving savers missing out on £13.6bn a year in interest.