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3 yr Pensioner Bond - do you get interest on the interest?

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kuepper
kuepper Posts: 1,494 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
in Savings & investments
Can't seem to find a clear answer to this q eg if you put max 10k in is the interest after year 1 added to the £10000 so in year 2 you get interest on £10320 and in year 3 you get interest on £10650.24 ?

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