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NS&I release new bond issues

NS&I release new bond issues

Category: Savings
Date: 05/12/2017

National Savings & Investments has relaunched its popular Guaranteed Growth and Guaranteed Income Bonds, with the three-year deals in particular earning high praise, as well as competitive places in the Best Buys and a high Moneyfacts rating.

The basics…

The Guaranteed Growth Bonds Issue 56 boast a rate of 2.20% for three years, paid on their anniversary (interest must be compounded), while the Guaranteed Income Bonds Issue 56 pay 2.17% (2.15% gross) on a monthly basis, whereby interest has to be paid away.

The finer details…

The accounts require a minimum investment of £500. They allow withdrawals on a 90-day loss of interest penalty, with access having to go through a nominated account. The bonds must be opened online, and can then be operated over the phone and by post as well.

Why we like them…

The competitive rates on these bonds are more than enough to earn them their places in the Best Buys as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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