'Exciting products' will boost NS


NATIONAL Savings chief executive Peter Bareau has promised 'an exciting new product pipeline' at the £62bn institution. But he needs to live up to his promise after catching heavy flak for spending £2m on a new name - National Savings and Investments, and a new 'conker' logo. Click here for more details.

NS has been criticised for unattractive rates. The Treasury wants it to save the taxpayer money, so that it cannot be over-generous to its customers. Seeking more freedom, it will soon have an independent chairman and board.

Bareau claims rates in new products, such as individuals savings accounts and 90-day notice accounts, compare favourably with rivals. And he has one big success - premium bonds, which took £400m in January.