Autumn Statement 2016: Government announces launch of NS&I saving bond

Provided by NS&I, the newly announced investment bond will pay an expected 2.2% AER interest for three years on a maximum £3,000 saving, meaning savers will be able to earn a maximum of £66 interest a year from the bond. For full info on how it works, see our brand-new NS&I Investment Bond guide.

The current top-paying three-year bond is 1.62% AER from Tesco Bank, meaning the 2.2% bond would be market-leading if it were launched today.

Autumn Statement 2016: Other key stories

• Salary sacrifice perks cut back

• Insurance premiums likely to rise for millions after tax hike

• National minimum wage will rise to £7.50

• Letting agents banned from charging tenants upfront fees

• Universal credit cuts scaled back

• Fuel duty frozen for seventh consecutive year

• Pensions freedoms loophole tightened

• Tax-free childcare on track for launch early next year