A First Class stamp
generic ddavp This was a signal that the savings provider could finally increase rates to attract deposits. It should have ended a prolonged period of cuts, enforced after NS&I became overly popular in the aftermath of the 2008 financial crisis. As the banking system teetered, savers flocked to NS&I’s 100pc deposit guarantee; at that time, other financial institutions only guaranteed deposits up to ツ」30,000. This has since been increased to ツ」85,000, but the attraction of full state protection remains.