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NS&I. How long to invest

Catswhiska · 2018-02-10 09:10:25

I have a good lump sum to invest after selling an inheritanced house. I am looking at NS&I guaranteed income bonds. In view of predicted rate rises do I go for 3 years at 2.15% or a year at 1.45%. We don’t need to access the money.

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Catswhiska Posts: 103 Forumite

10 February 2018 at 1:26PM

ColdIron wrote: »

The point others are making is that if you take out the 3 year option at 2.15% and cash them in after 1 year you are still getting a better rate of interest (the equivalent of about 1.6%) than the 1.45% offered on the 1 year option. The penalty reduces further the longer you keep them

That explains things and was the answer I was looking for. Many thanks

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NS&I. How long to invest

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