We currently offer lssues which are only available to customers with maturing Bonds. They are not on general sale. Your client can renew up to the total value of the maturing Bond, including all the interest your client earned. Or your client can cash in some of the investment and renew the balance. Your client won’t be able to add any extra money to the Bond.
For details of options at maturity for existing customers, please click on the ‘Learn more at NS&I’ button below and scroll down to the ‘Renewing your Bond’ section.
Before your clients decide, please ask them to read the summary box and the key features leaflet, including the customer agreement.
FAQs about Guaranteed Income Bonds
-
Why has NS&I taken Guaranteed Income Bonds off of general sale and reduced the interest rate on all terms of it by 25 basis points?
The changes to our fixed term products are as a consequence of a number of factors. Rates for similar competitor products have been falling while the measure that NS&I uses for raising cost-effective finance for the Government is lower than target, due to exceptionally low gilt yields. These changes have been made in order to rebalance the interests of savers, with taxpayers and to help maintain the stability of the broader financial services sector.