Announced in the Autumn Statement, the new three-year NS&I bond is finally here, and it unsurprisingly heads straight to the top of the Best Buy chart for its sector, earning a high Moneyfacts rating in the process.
The three-year Investment Guaranteed Growth Bond (1) boasts a market-leading rate of 2.20%, paid on its anniversary, whereby the interest must be compounded.
This online-only account requires a minimum investment of £100 and has a maximum investment restriction of £3,000. It does not allow additions, but earlier access is allowed on 90 days' loss of interest. Due to its Government backing, any funds held with NS&I are guaranteed to be secure.
The market-leading rate on this deal alone is enough to earn it the number one spot in the Best Buy charts, as well as a high rating.
Moneyfacts rating: Excellent
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