Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter
MSE News: Got a 1-yr Pensioner Bond? Your interest will plummet after fixed term ends
edited 15 December 2015 at 5:25PM in Over 50s MoneySaving
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Although I would forfeit 90 days interest, this would still give me an annual return of around 1.9% - beating the 1.45% for their 1 year bond.
Am I missing something?
But your money isn't needed (hence generally poor interest rates on savingsaccounts ). The bonds were a special perk to encourage (votes from?) older people.
Do a forum search for threads started, when these bonds were announced, as I seem to recall the very same being discussed.
A little bit of juggling can buy you a nice little earner- and it will be interest free from the start of the new tax year if you are a standard rate tax payer (up to £1K) Loads of threads on the banking and budgeting board. It's certainly worth a bit of effort to reap £25 or more per month
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-Stash busting: 337 in 2022 Stash busting: in 2023. 23 doggy duvets, 24 shopping bags, 9 dog coats, 2 scrunchies, 6 mittens, 6 bootees, 8 glass cases, 2 A6 notebooks, 12 cards = total 92 ...£3.98 spent
As evidenced by nothing being on offer for older people in todays budget.............
Perhaps Osborne thinks they've already had more than enough at the expense of the younger people paying for them.............