Cascade Commentary

NS&I sees record £23.8bn enter into its products over the last year

August 2021

The NS&I have announced a record £23.8 billion of net financing savings held in its latest financial year in the wake of the pandemic. While a lot of cash flowed into the popular Income Bond and Direct Saver products during the first half of the financial year as the pandemic unfolded, drops to rates in November 2020 saw an outflow as rates fell to as little as 0.01%. The NS&I have announced plans to launch Green Bonds to investors over 2021 and 2022 with a view to achieving climate change targets, with a planned transition to a net-zero economy by 2050.

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