NS&I Guaranteed Growth Bonds Now Available
National Savings and Investments have now launched the new Investment Guaranteed Growth Bonds. The Bonds, which are a lump sum investment earning a fixed rate of interest over 3 years, will be on sale until 10 April 2018.
- 2.20% gross/AER, fixed for 3 years
- Available online only at NS&I.com
- Open to savers aged 16 and over with a UK bank account
- Minimum investment £100 and maximum £3,000 per person
- A penalty of 90 days’ interest will apply on withdrawals before the end of the 3 year term
- Interest is taxable (so will count towards the Personal Savings Allowance) but paid gross
- Backed by HM Treasury
Who Are the Bonds Suitable For?
Due to the fixed term the bonds would only be appropriate for investors who can leave their money invested for three years. They may appeal to those seeking a known rate of return in a secure investment, however, the relatively modest maximum investment amount limits the effectiveness for those with large sums of money in cash. With interest being added annually, they are also not appropriate for anyone seeking an income.
As the bonds can only be applied for online, they will also not appeal to those who prefer telephone or paper based applications.
We recommend personal financial advice is sought by anyone thinking of making a fixed or long term investment.
If you would like to know more about how we as Financial Advisers can help you with your Investments then visit the Investment Management section of our website: Investment Management or send us email at: firstname.lastname@example.org
The information contained in website is for guidance only and does not constitute advice which should be sought before taking any action or inaction. The information is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly no responsibility can be assumed by Fiducia Wealth Management Limited, or any associated companies or persons, its officers or its employees, for any loss occasioned in connection with the content hereof and any such action or inaction. Professional financial advice is necessary for every case.
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