NSI Growth Bonds, how many can I open?
Options
cracker_jack
Posts: 64 Forumite
I have around £4,000 to invest in a 3 year savings bond.
NSI has the following 3 year bonds:
Investment Guaranteed Growth Bond 2.20% gross/AER Issue 1 Maximum £3,000 Per Issue, per person
Investment Guaranteed Growth Bond 1.95% gross/AER Issue 57 Maximum £1 million Per Issue, per person
In the brochure it states:
Can I buy more than one Bond?
Yes, as long as each investment you make is at least £100 and
the total amount you invest isn’t more than £3,000.
The first bond has a higher interest rate but I want to invest more than £3,000. Does anyone know if I can I open two of the first one putting in £2,000 in each one?
NSI has the following 3 year bonds:
Investment Guaranteed Growth Bond 2.20% gross/AER Issue 1 Maximum £3,000 Per Issue, per person
Investment Guaranteed Growth Bond 1.95% gross/AER Issue 57 Maximum £1 million Per Issue, per person
In the brochure it states:
Can I buy more than one Bond?
Yes, as long as each investment you make is at least £100 and
the total amount you invest isn’t more than £3,000.
The first bond has a higher interest rate but I want to invest more than £3,000. Does anyone know if I can I open two of the first one putting in £2,000 in each one?
0
Comments
-
cracker_jack wrote: »Investment Guaranteed Growth Bond 1.95% gross/AER Issue 57 Maximum £1 million Per Issue, per person
In answer to your question, the maximum you can now invest at 2.2% is £3,000 in the Investment Guaranteed Growth Bond. You would have to invest the other £1,000 in the Guaranteed Growth Bond at 1.95%. However on £1,000 at 1.95% you would get £19.50 interest per annum rather than the £22 interest per annum at 2.2%, so you are not losing much interest on £1,000.0
This discussion has been closed.
Categories
- All Categories
- 343.4K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.8K Spending & Discounts
- 235.5K Work, Benefits & Business
- 608.3K Mortgages, Homes & Bills
- 173.2K Life & Family
- 248.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards