NS&I blew its rivals out of the water in early autumn with an unprecedented one-year savings account with a fixed interest rate of 6.2 percent.
That was just one of the big savings deals NS&I offered at the time, but they have since disappeared.
Now there is speculation that the Autumn Statement is about to give NS&I interest rates another boost – and this could mean good news for Premium Bonds too.
In this episode of Lunch Money, Simon Lambert and Lee Boyce of This is Money discuss whether an update to NS&I’s financing target could boost the savings market.
And how does the average return on Premium Bonds compare to a standard savings account, and which one should you choose?
Richard Hunter, from Interactive Investor, explains whether the Autumn Statement could also provide a boost for investors – and why so many mid-market UK companies are takeover targets.
Finally, we’re joined by Ofcom’s enforcement director, Suzanne Cater, who explains why Shell Energy has been fined £1.4 million for failing to push out-of-contract phone and broadband customers to get a better deal .
Explaining how the watchdog is looking out for consumers, Ms Cater told Lunch Money: ‘This sends a message to the entire sector that Ofcom is watching and we will not hesitate to step in to protect customers.’