National Savings & Investments (NS&I) have announced a series of changes to their product range, in an attempt to deliver a 10% cost saving by 2015.
The changes include the closure of the NS&I Easy Access Savings Account. Instead, savers will be able to use the NS&I Direct Saver or its Investment Account.
The changes also mean that it will only be possible to buy NS&I products directly from 2013, with the exception of Premium Bonds which will remain available from the Post Office.
The 10% cost saving target was set for NS&I in the government spending review last year.
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