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NS&I Investment Bond
Comments
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This my first post so I ask for some patience if this has been asked and answered before.
The NS&I bond to be launched in April is described as a max investment of £3000 at 2.2% annual interest for 3 years. I have only found an assumed answer in the description. If I invest the full £3000 at the start, can someone please clarify if the interest can be withdrawn each year for no penalty or is interest paid on the new balance of approx £3066 and so on for the remainder of the term. Many thanks.
http://www.moneysavingexpert.com/savings/nsandi-investment-bond
section 3, second paragraph, third line, is probably the nearest thing we have to an answer to your question, at present.0 -
Bumping this thread back up as many of us will be interested in this product soon.0
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Final bump before tomorrow.0
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veryintrigued wrote: »Bumping this thread back up as many of us will be interested in this product soon.
Major let down (not just the inappropriate name name). Barely worth the effort.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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Did he say Savers thrown a lifeline ?
£3k @ 2.2%
Atom already offer 2.2% but for about £50k.
Complete joke.0 -
It depends if it is taxed, which does seem likely. If it was tax free it might be "market leading" but on 3k the gain is chicken feed for most of the posters here I would guess.0
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The limit is much too small to make it worth bothering with.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£6000
365 day 1p Challenge 2026 £667.95/£220
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
It depends if it is taxed, which does seem likely.
Interest will be paid gross but is taxable.
http://www.moneysavingexpert.com/savings/nsandi-investment-bond?0 -
Then describing it originally as "market leading" turns out to be fake news :rotfl: Market matching on much less capital you can save elsewhere is more like the mark.0
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