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Flagstone, the UK's largest smart savings platform offers UK savers 1.6% interest rate* in wake of NS&I's announcement.

Following the announcement that NS&I’s market-leading rates are dropping on the 24th November, to 0.01% and 0.15% for Income Bonds and Direct Saver respectively, individual savers with cash to stash are eagerly seeking alternatives with competitive rates and FSCS protection for their hard-earned savings.

The Government-back rate change also coincides with stock market volatility, the end of the furlough period for many and a rising number of regional lockdowns. Plus, the pending new national restrictions for living and working will impact a high number of individual income streams.

Collectively these factors mean income for many will be at an all-time low for 2020 – making securing the best interest rates for savings more important than ever.

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