Property News · January 6, 2018

It’s time to act as NS&I’s ‘pensioner bonds’ mature


The investment grew at a whopping 4%, but if you don’t cash in your bonds they will automatically be reinvestedSavers who back in 2015 had the good sense to invest in National Savings & Investments’ three-year 65+ Guaranteed Growth Bond have a decision to make. The bonds are about to mature and, if you do nothing, the money will be reinvested for a further three years.Between January and May 2015, almost 900,000 people invested more than £8.9bn in the “pensioner bonds”, as they were dubbed at the time, with many attracted by the promise of a 4% return. At the time, they were the hottest savings product around, and NS&I struggled to cope with demand. Continue reading…

Source : theguardian.com
Read more…It’s time to act as NS&I’s ‘pensioner bonds’ mature

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