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Premium
Find out more Find out more about Premium <br/> Bonds
Bonds-
Premium Bonds offer your clients a serious investment together with the fun and excitement of a chance to win tax-free prizes.
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Minimum
£25
3.30%
Variable. Annual prize fund rate from the March 2023 prize draw.
The odds of each £1 unit winning a prize are 24,000 to 1 each month. From the October 2022 prize draw.Maximum
£50,000
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Key benefits
Two £1 million jackpots.
Over four million prizes each month.
All prizes are tax-free.
Provides unique fun element in a portfolio.
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Rate
3.30%Variable. Rate for prize fund rate from March 2023 prize draw.
The odds of each £1 unit winning a prize are 24,000 to 1 each month. From the October 2022 prize draw -
Min
£25 -
Max
£50,000 -
Who for
Individuals 16+.
Under 16, by anyone 16+.
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Access
Easy access (no notice, no penalty).
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Guaranteed Income Bonds
Find out more Find out more about Guaranteed Income Bonds-
Give your clients a guaranteed monthly income without the need to touch their capital investment. The interest rate is fixed for that period, and interest is paid gross.
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Minimum
£500
3.90% / 3.97%
gross/AER, guaranteed for 1 year, Issue 70
Maximum
£1 million
per Issue, per person
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Key benefits
Guaranteed monthly income.
Can be held in Trusts and SIPPs.
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Rate
3.90% / 3.97%gross/AER, guaranteed for 1 year
Issue 70
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Min
£500 -
Max
£1 millionper Issue, per person
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Who for
Individuals 16+, or 2 jointly; trustees.
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Access
No access until the end of the term.
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Guaranteed Growth Bonds
Find out more Find out more about Guaranteed Growth Bonds-
Guaranteed Growth Bonds are designed for people who can keep their money invested for the full term, giving your clients the certainty of knowing exactly what return they will get on their money.
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Minimum
£500
4.00%
gross/AER, guaranteed for 1 year, Issue 70
Maximum
£1 million
per Issue, per person
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Key benefits
Guaranteed rates.
Can be held in Trusts and SIPPs.
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Rate
4.00%gross/AER, guaranteed for 1 year
Issue 70
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Min
£500 -
Max
£1 millionper Issue, per person
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Who for
Individuals 16+, or 2 jointly; trustees.
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Access
No access until the end of the term.
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Green
Find out more Find out more about Green <br/> Savings Bonds
Savings Bonds-
Green Savings Bonds offer your clients a fixed interest rate for three years, while contributing to green projects chosen by the Government.
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Minimum
£100
4.20%
gross/AER, fixed for 3 years,
Issue 4Maximum
£100,000
per person
£200,000
Joint maximum
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Key benefits
Interest rate fixed for 3 years.
Investment contributes towards green projects.
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Rate
4.20%gross/AER, fixed for 3 years
Issue 4 -
Min
£100 -
Max
£100,000per person
£200,000Joint maximum
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Who for
Individuals 16+, or jointly.
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Access
No access for 3 years from date of investment.
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Direct
Find out more Find out more about Direct <br/> ISA
ISA-
The NS&I Direct ISA offers your clients tax-free returns and a straightforward, secure way to manage their money online or by phone.
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Minimum
£1
2.15%
tax-free/AER, variable
Maximum
£20,000
Tax year 2022/23
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Key benefits
Tax-free.
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Rate
2.15%tax-free/AER, variable
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Min
£1 -
Max
£20,000Tax year 2022/23
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Who for
Individuals 16+.
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Access
Easy access (no notice, no penalty).
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Junior
Find out more Find out more about Junior <br/> ISA
ISA-
The NS&I Junior ISA offers your clients to invest tax-free in their child’s name, making it easy to build up a useful lump sum for the child’s future.
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Minimum
£1
3.40%
tax-free/AER, variable
Maximum
£9,000
Tax year 2022/23
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Key benefits
Tax-free.
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Rate
3.40%tax-free/AER, variable
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Min
£1 -
Max
£9,000Tax year 2022/23
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Who for
Under 16, by parents, or 16/17 year olds.
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Access
No access until the child is 18
Can only apply for and manage online.
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Direct
Find out more Find out more about Direct <br/> Saver
Saver-
The Direct Saver account offers a variable interest rate and can be managed online or by phone. No notice is required for withdrawals, which are paid by BACS to a nominated account.
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Minimum
£1
2.85%
gross/AER, variable
Maximum
£2 million
per person
£4 million
Joint maximum
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Key benefits
High max limit.
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Rate
2.85%gross/AER, variable
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Min
£1 -
Max
£2 millionper person
£4 millionJoint maximum
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Who for
Individuals 16+, or jointly.
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Access
Easy access (no notice, no penalty).
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Income
Find out more Find out more about Income <br/> Bonds
Bonds-
Income Bonds provide a monthly income at a variable interest rate, with absolutely no risk to your clients’ capital. The investment is not linked to a fixed term, so it can be cashed in when needed with no notice or penalty.
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Minimum
£500
2.85%/2.89%
gross/AER, variable
Maximum
£1 million
per person
£2 million
Joint maximum
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Key benefits
Monthly income (see summary box).
Variable interest rate.
High max limit.
Can be held in Trusts and SIPPs.
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Rate
2.85%/2.89%gross/AER, variable
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Min
£500 -
Max
£1 millionper person
£2 millionJoint maximum
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Who for
Individuals 16+, or jointly.
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Access
Easy access (no notice, no penalty).
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Investment Account
Find out more Find out more about Investment <br/> Account-
The Investment Account offers a variable interest rate and can be managed by post only. No notice is required for withdrawals, which are paid by BACS to a nominated account or by warrant (like a cheque).
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Minimum
£20
0.60%
gross/AER, variable
Maximum
£1 million
Per person
£2 million
Joint maximum
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Key benefits
High max limit.
Can be held in Trusts.
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Rate
0.60%gross/AER, variable
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Min
£20 -
Max
£1 millionPer person
£2 millionJoint maximum
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Who for
Individuals 16+, or jointly.
Under 16, by parents, guardians, grandparents or great-grandparents.
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Access
Easy access (no notice, no penalty).
Postal only.
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Not currently on sale
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Index-linked Savings Certificates
Find out more Find out more about Index-linked Savings Certificates-
With Index-linked Savings Certificates, you can be certain that the return on your clients’ savings will stay ahead of inflation. They are lump sum investments that move in line with the CPI (or RPI for investments made before 1st May 2019) and earn extra interest at guaranteed rates that stay the same for the length of the term. They’re totally free of UK Income Tax and Capital Gains Tax.
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Minimum
£100
Rate not applicable
Maximum
Please note: there is no limit on the amount that can be renewed at maturity
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Key benefits
Tax-free.
Index-linked to RPI for all Certificates renewed before 1 May 2019.
Index-linked to CPI for all Certificates renewed on or after 1 May 2019.
Can be held in Trusts and SIPPs.
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Rate
Rate not applicable -
Min
£100 -
Max
Please note: there is no limit on the amount that can be renewed at maturity
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Who for
Individuals 16+, (also jointly), trustees.
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Access
Early access for any amount is subject to the whole certificate not earning any index-linked growth for the investment year the amount is to be paid.
Also a deduction equivalent to 90 days’ interest on the amount to be paid. No penalty for repayment at full term.
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Fixed Interest Savings Certificates
Find out more Find out more about Fixed Interest Savings Certificates-
Fixed Interest Savings Certificates are lump sum investments that earn guaranteed rates of interest over set periods of time. They are free from UK Income Tax and Capital Gains Tax and can be held in addition to any other tax-free investments that your client may hold.
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Minimum
£100
Rate not applicable
Maximum
£15,000
Please note: there is no limit on the amount that can be renewed at maturity
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Key benefits
Tax-free.
Guaranteed returns.
Can be held in Trusts and SIPPs.
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Rate
Rate not applicable -
Min
£100 -
Max
Please note: there is no limit on the amount that can be renewed at maturity
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Who for
Individuals 16+, (also jointly), trustees.
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Access
Early access subject to a deduction equivalent to 90 days' interest on amount cashed in.
No penalty for repayment at full term.
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Definitions
- Tax-free means that the interest or prizes are exempt from UK Income Tax and Capital Gains Tax.
- AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
- Gross is the taxable rate of interest without the deduction of UK Income Tax.
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