Savings: Interest rates on Pensioner Bonds cut

No quick return for NS&I Index Linked Certificates 150pxNational Savings & Investments (NS&I) has announced the interest rates payable to savers, who decide to roll over their 65+ Guaranteed Growth Bond when it matures on its first anniversary. The NS&I product, often referred to as a Pensioner Bond, was launched by the Government last year with huge publicity and very attractive interest rates. Savers who took out the one-year fixed rate bond enjoyed an interest rate of 2.80% gross, well above other similar accounts and these are now starting to mature. However, savers will ...