Budget 2017: New Investment Bond will pay 2.2%

The Chancellor has confirmed the details of the three-year Government-backed investment bond, which will pay 2.2%...
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'Budget 2017: New Investment Bond will pay 2.2%'
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  • Jo_Blogs
    Jo_Blogs Posts: 753 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    Seriously, is it really worth it for a maximum investment of £3,000?
    It certainly doesn't excite me at the moment, but it might do others...........
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 ;)Sept NSDs 4/15:staradminCCCChl 9/12 months:D
    Sept PPChl#002 Pts 71
  • jimjames
    jimjames Posts: 17,596 Forumite
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    I'll stick with my 3% Tesco account...
    Remember the saying: if it looks too good to be true it almost certainly is.
  • TheShape
    TheShape Posts: 1,779 Forumite
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    edited 8 March 2017 at 8:25PM
    When you've put your £3k in the NS&I Investment Bond you might want another one for the rest of your life-savings. Handily, the top search result from Google is for an Investment Bond which will accept deposits of £250k courtesy of Castle Trust:eek:. Fantastic marketing for them.
  • racey
    racey Posts: 165 Forumite
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    Jo_Blogs wrote: »
    Seriously, is it really worth it for a maximum investment of £3,000?
    It certainly doesn't excite me at the moment, but it might do others...........
    This gives a cracking return of £66 a year. Or £36 a year more than similar competing easy-access savers. :eek:
    I wonder who is the target customer for this.
  • Somebody who's desperate for £30 per year?
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
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    Sleazy wrote: »
    Somebody who's desperate for £30 per year?

    Earlier today you were posting about winning £25 on premium bonds.
  • racey
    racey Posts: 165 Forumite
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    Sleazy wrote: »
    Somebody who's desperate for £30 per year?
    That will fund an extra pint of beer every month, nearly.
    Excellent :beer:
  • Earlier today you were posting about winning £25 on premium bonds.

    And your point is?
  • jimjames
    jimjames Posts: 17,596 Forumite
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    racey wrote: »
    This gives a cracking return of £66 a year. Or £36 a year more than similar competing easy-access savers. :eek:
    I wonder who is the target customer for this.

    My competing easy access account pays 3%, somewhat better than this as well as giving me full current account facilities with instant access, cash and VISA debit card.
    Sleazy wrote: »
    Somebody who's desperate for £30 per year?
    Maybe use Halifax? Then you can get £36 without tying your money up at all.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
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    People can wait until this time next year: by then the interest might look good or it might look woeful.
    Free the dunston one next time too.
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