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NS&I deliver the goods for savers

NS&I deliver the goods for savers

Category: Savings

Updated: 27/10/2009
First Published: 27/10/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Unlike the Royal Mail, National Savings and Investments (NS&I) has delivered the goods with the launch of its new range of fixed rate bonds.

For savers looking to fix their rates for the short term, the One Year Guaranteed Growth Bond paying 3.95% has leapt straight to the top of the one year fixed rate bonds charts, while the two year offering paying 4.25% nestles comfortably in the upper reaches of its field.

While the three year and four year versions of the bond are not quite such high flyers, an increase in rates means they are now more competitive than previously.

Being backed by the Government, savers with NS&I enjoy the peace of mind that their nest eggs are 100% secure.

Earlier access to the funds is also allowed on the loss of 90 days' interest, while slightly reduced rates are available if the monthly interest option is the one for you.

Minimum investment across all versions of the bond is £500, but no additional investments are permitted.

For their all round goodness, these products earn four out of five Moneyfacts stars.

Compare short term bonds

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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