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Budget 2017: New Investment Bond will pay 2.2%

MSE_Luke
MSE_Luke Posts: 295 MSE Staff
Fourth Anniversary
in Savings & investments
The Chancellor has confirmed the details of the three-year Government-backed investment bond, which will pay 2.2%...
Read the full story:
'Budget 2017: New Investment Bond will pay 2.2%'
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Comments

  • 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: 18,996 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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: 1,911 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 8 March 2017 at 7:25PM
    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: 166 Forumite
    Part of the Furniture 100 Posts
    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]
    [Deleted User] Posts: 21,434 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Somebody who's desperate for £30 per year?
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Sleazy wrote: »
    Somebody who's desperate for £30 per year?

    Earlier today you were posting about winning £25 on premium bonds.
  • racey
    racey Posts: 166 Forumite
    Part of the Furniture 100 Posts
    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]
    [Deleted User] Posts: 21,434 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    veryintrigued wrote: »
    Earlier today you were posting about winning £25 on premium bonds.

    And your point is?
  • jimjames
    jimjames Posts: 18,996 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
This discussion has been closed.
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