Budget 2017: New Investment Bond will pay 2.2% 8 March 2017 at 4:16PM in Savings & Investments 13 replies 3.1K views

MSE_Luke

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

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...........

jimjames

I'll stick with my 3% Tesco account...

TheShape

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

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.

[Deleted User]

Somebody who's desperate for £30 per year?

veryintrigued

Sleazy wrote: »

Somebody who's desperate for £30 per year?

Earlier today you were posting about winning £25 on premium bonds.

racey

Sleazy wrote: »

Somebody who's desperate for £30 per year?

That will fund an extra pint of beer every month, nearly.
Excellent :beer:

[Deleted User]

veryintrigued wrote: »

Earlier today you were posting about winning £25 on premium bonds.

And your point is?

jimjames

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.

kidmugsy

People can wait until this time next year: by then the interest might look good or it might look woeful.