National Savings Income Bonds query

[feder1]

The gross interest rate is quoted as 1.15%.

The bank rate is 0.1%.

Why is there such a big difference please? Is the 1.15% sustainable?

I heard that Premium Bonds were maintaining their "interest" rate.

Moderator Message:
Moved to Bank Accounts as that seems a better place for this one (chas49)

[PinkDalek]

... Is the 1.15% sustainable? ...

Are you aware of the Bank Accounts Savings etc board?

If sustainable means will the variable rate remain as is for the long term, I doubt it in view of the previously announced reduction which was cancelled during the coronavirus pandemic.

See a specific thread over there (which I've updated today for completeness):

https://www.lemonfool.co.uk/viewtopic.p ... 45#p285045