Pensioner Bonds

talexuser

alanq wrote: »

Am I missing something?

No, the threads when first offered pointed out it was pointless taking out the 1 year if you just wanted the money after 1 year.

bigfreddiel

redux wrote: »

My mum's financial adviser said go for the one year bond, in case you unexpectedly need the money back sooner.

I said go for the longer one, as even if you cancel it early and lose some interest it's still better than the short one for almost any period, and there's no guarantee the one year holders will get a decent renewal deal.

She took my advice.

These so called FAs are completely useless aren't they, your advice was a computer no brainer.

I believe FAs live on Shiffer Island because that's what they've got for brains! Old joke from the Johnny Carson show in the 80's, so don't get too upset folks, it's only a joke!

fj

alanq

talexuser wrote: »

No, the threads when first offered pointed out it was pointless taking out the 1 year if you just wanted the money after 1 year.

I am aware of the discussions that took place of the merits of 1-year and 3-year 65+ Guaranteed Growth Bonds "Pensioner Bonds". I was referring to the reinvestment options on offer when the 1-year bonds mature. The issue is similar but there seems to be an even more compelling case to renew into 5-year Guaranteed Growth Bonds than there was to invest in the 3-year "Pensioner Bond".