The government-backed saver will reduce its instant-access Isa to 1.25% from NovemberThousands of savers with NS&I will earn less interest from November after it announced it would be cutting the rate paid on its Direct Isa.
The instant access savings account currently pays 1.5% on balances, but this will be reduced to 1.25% from 16 November.
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Source: theguardian.com