NS&I’s £3bn IT overhaul hits another reset as Premium Bonds giant weighs cutting legacy links
NS&I will cut rates on Direct Saver and Income Bonds accounts to 3.05% AER from Feb. 12. The bank expects its IT overhaul to miss the March 2028 deadline and overrun its budget, CEO Dax Harkins told Parliament. NS&I is considering limiting links between old and new systems and will complete an options analysis by March.
