The move is meant to keep the state-backed firm’s deals from outcompeting its commercial rivals Credit: Dominic Lipinski/PA National Savings & Investments (NS&I) is removing the easy-access element of its guaranteed growth and income bonds.
Guaranteed growth bonds are traditional bonds that return the initial investment, plus interest, at the end of a fixed term. The one-year deal pays 1.5pc and the three-year pays 1.95pc.
Guaranteed income bonds pay returns every month. The one-year deal pays 1.45pc gross, and the three-year 1.9pc.Currently these deals allow customers to take cash out any time, though that would incur a penalty of 90 days’ […]
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