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 ...

Savings: As Pensioner Bonds are withdrawn; five alternatives options for your savings

As Pensioner Bonds are withdrawn; five alternatives options for your savingsAfter record sales, Pensioner Bonds, with their table topping rates, have now been withdrawn. So, if you are a more elderly saver, where should you be looking now for the best return on your cash? First things first though, a quick word on inflation. Over the past few months inflation, as measured by the Consumer Prices Index (CPI), has hovered around zero. It might therefore be natural for some savers to 'take their foot of the gas', relax and stop searching so ...

Savings: Pension Bonds extended until May

National-Savings-and-Inve-001 The Government has announced that popular Pensioner Bonds will now stay on sale until 15th May. Pensioner Bonds, which are available to anyone over the age of 65, were launched last month paying interest rates far in excess of other similar accounts. The Government had initially said a maximum of £10 billion of bonds were available, but with 600,000 pensioners already opening bonds, the Chancellor George Osborne, has moved quickly to allay fears that some older savers could miss out. Speaking yesterday, Mr Osborne said that the bonds would be open until 15th ...

Savings: Act quickly so you don’t miss out on Pensioner Bonds

Act quickly so you don’t miss out on Pensioner BondsNew research has shown that older savers could miss out on the great interest rates offered by Pensioner Bonds if they don’t act quickly. Last week, National Savings & Investments (NS&I), who will administer the Pensioner Bonds, announced the interest rates which are well in excess of other comparable accounts. The one year fixed rate Pensioner Bond will pay a gross interest rate of 2.8%, whilst the three year fixed rate will pay 4.00%. Read more: Pensioner Bonds launched with table topping rates Act quickly ...