Easy Access

NS&I Income Bonds Review

A competitive easy access account from NS&I. It ranks 47th of 152 easy access accounts we track.

Variable rate

3.75%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£1,000,000

Access

Instant, No penalty

Interest paid

Monthly

How It Stacks Up

Ranks 47th of 152

Easy access accounts we track

Above average
This account 3.75%
UK CPI (Aug 2026)
3.10%
Pays 0.65% more
Average easy access
2.83%
Pays 0.92% more
Best easy access
5.00%
Pays 1.25% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 0.80% more than this NS&I account
  • Instant access, open with £10
Compare Easy Access Accounts

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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with NS&I's Easy Access

What you could earn with NS&I's Income Bonds.

Estimated interest

£1,000 saved

£37.50

At 3.75% AER

£5,000 saved

£188

At 3.75% AER

£10,000 saved

£375

At 3.75% AER

£1,000,000 saved

£37,500

At 3.75% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on NS&I Income Bonds

Jonny PeaseCo-Founder, DepositScout

NS&I Income Bonds pay 3.75%, which is 1.25% behind the easy access market leader at 5.00%, and the position is below the market average, so you are accepting a meaningful rate penalty for the NS&I name. That said, 3.75% does beat August 2026 CPI of 3.1% by 0.65%, and monthly interest payments make it useful if you want a regular income stream. The £1,000,000 maximum is generous, but if rate is the priority, First Active's Instant Access Savings Account at 4.05% is worth a look.

2 alternatives to NS&I's Income Bonds

Same type of account, closest on rate.

Common questions about the Income Bonds

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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