National Savings and Investments (NS&I) has launched its British Savings Bonds today, priced at 4.15% gross/AER.
The three-year fixed rate is available with the ‘Guaranteed Growth Bond’ and a lesser rate of 4.07% gross (4.15% AER) is on offer with the ‘Guaranteed Income Bond’.
The bonds are designed to be held for the full term, so you cannot exit or withdraw from the account earlier than the three-year period agreed.Both accounts require at least a £500 investment to open and a maximum of £1m, but the ‘Guaranteed Income Bond’ allows the interest you accrued to be paid out monthly.To […]
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