NS&I Income Bonds to pay more interest Income Bond holders can now manage accounts by phone and online, while bond certificates detailing investments have been replaced by statements. Jane Platt, NS&I's chief executive, said: "Our modernisation programme is now entering its final stages. We've transformed NS&I's product range: delivering simpler, more straightforward savings products which give our customers the telephone and online access that they want. All Income Bonds holders will be sent a leaflet outlining the changes with their annual statement which will be sent before the end of May. In January NS&I increased the interest rate for Isa savers when it announced that it would automatically switch customers in its older Cash Isa account into the new Direct Isa, which pays a far more competitive rate of interest. The state-owned organisation's 94,000 customers in its T Cash Isa (which was for those who had previously had Tessas) and its Cash Isa will see rates rise from 0.5pc to 2.25pc after the switch, which will take place next month. It had less good news at the time of the Budget for savers hoping for a return of its inflation-linked savings certificates. After the Chancellor announced that NS&I's net financing target would be zero for the 2013/14 tax year, the organisation said it did "not anticipate being able to return Index-linked Savings Certificates to general sale in 2013/14."