National Savings & Investments (NS&I) has launched two market-leading fixed rate bonds for older savers, both of which have earned a place at the top of the Moneyfacts charts.
The one-year version of 65+ Guaranteed Growth Bond has a market-leading rate of 2.80% on maturity, earning it the top spot in its sector. Meanwhile, the three-year variant has a rival-beating rate of 4.00% per annum, which also sees it top the Moneyfacts leaderboard.
These accounts are only available to those aged 65 or older and can be opened and operated online, by post or by phone with a minimum investment of £500. Up to £10,000 can be deposited in each account.
Although no further additions are permitted, it is possible to access funds prior to maturity, albeit on the loss of 90 days' interest.
Both of these bonds offer market-leading rates and are sure to be immensely popular among the older generation. Although there is not a monthly interest alternative or an option to add to invested funds, these deals still offer highly competitive deals that are further sweetened by the ability to access funds prior to maturity.
Four Moneyfacts Stars have been awarded.
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