National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
NS&I is one of the largest savings organisations in the UK, with over 25 million customers and more than £100 billion invested. NS&I products are backed by HM Treasury.
It is crucial to ensure that your money keeps in line with inflation. If your money does not keep pace with inflation, its purchasing power will diminish with time.
It is important to review your savings and investments regularly to ensure they are on track to achieve your goals. It is imperative to take independent financial advice before making any investment decisions.
Farrell Financial Planning is an independent financial adviser in Glasgow offering independent financial advice on investments and much more. Contact us today to discover how our independent financial advice can help you meet your financial goals.