These include:
- New interest rates for NSandI’s 1, 2, 3 and 5-year Guaranteed Growth Bonds and Guaranteed Income Bonds
- Up to 3.95% AER available on 1-year terms and 4.25% AER on 2-year
- NSandI’s Guaranteed Growth Bonds and Guaranteed Income Bonds are exclusively available through nsandi.com, freephone and post
John Prout, Director of Customer Sales and Retention, NSandI, said:
“The new Issues of our Guaranteed Growth Bonds and our Guaranteed Income Bonds are good news for savers. Customers can choose to invest between £500 and £1 million in our 1, 2, 3 or 5-year Bonds. With the new rates starting at 3.85% gross/ 3.92% AER for a 1-year Bond, we hope that the new Issues will be highly attractive to customers who are looking for a guaranteed fixed rate of interest, coupled with 100% security for their money, as NSandI is backed by HM Treasury.”
NSandI recently announced changes to the way customers can invest in NSandI’s Guaranteed Growth Bonds and Guaranteed Income Bonds. From today these products will only be available directly from NSandI (by freephone3, online or by post) and no longer available through the Post Office.
NSandI and the Post Office have jointly agreed to this change, which is in part a reflection of the development of the Post Office’s own brand of savings products. These include Post Office Growth Bonds, a very similar range of fixed rate savings bonds to the two NSandI products. The decision also reflects NSandI’s desire to develop its direct sales channels. In addition to this, the move to direct channels is more cost-effective which means NSandI can offer higher rates of interest.
The Post Office will continue to offer a wide range of other NSandI savings products, including Premium Bonds and Savings Certificates, which can be purchased over the counter.
