MSE News: NS&I to close three-year Investment Bond applications today 10 April 2018 at 1:25PM in Savings & investments 9 replies 3K views

Former_MSE_Karl

NS&I to close three-year Investment Bond applications today
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Read the full story:
'Today is the last day you can invest in Government-backed savings provider NS&I's Investment Bond, which pays savers 2.2% for three years...


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AndyPK

maybe 1 day or 2 days notice would have been better.

I thought they had dropped the rate ?????

ColdIron

They have on the Guaranteed Growth Bonds (the ones you can deposit > £3K into) but the article is about the Investment Guaranteed Growth Bonds

IanManc

AndyPK wrote: »

maybe 1 day or 2 days notice would have been better.

I thought they had dropped the rate ?????

They gave a year's notice of this product's withdrawal - when it was launched it was announced that it would be available for a year, ending today.

Zanderman

Mrs Zanderman just tried to open one of these, via an existing NS&I login. The website is slow, random error messages appear and the final screen, how much are you paying in, hangs on a ridiculous error message asking for a 'term' to be picked, from a non-existent list (and anyway the term is fixed 3 years, so it's a pointless question). Has happened multiple time on multiple browsers. We conclude that the NS&I site is, er, overloaded.

AndyPK

IanManc wrote: »

They gave a year's notice of this product's withdrawal - when it was launched it was announced that it would be available for a year, ending today.

I was referring to MSE not NS&I

Audaxer

ColdIron wrote: »

They have on the Guaranteed Growth Bonds (the ones you can deposit > £3K into) but the article is about the Investment Guaranteed Growth Bonds

It's good that the Guaranteed Growth Bonds are still available, albeit the rate in the most recent issue is down to 1.95% for 3 years. Still not bad as savings rate go with a maximum limit per person of £1m.

ColdIron

I opened one at the beginning of December with plans to open another this week but got caught out by the rate drop, gotta be quick. Still, I got a 1 year fix with Investec at 1.9% so I'm not grizzling

Audaxer

ColdIron wrote: »

I opened one at the beginning of December with plans to open another this week but got caught out by the rate drop, gotta be quick. Still, I got a 1 year fix with Investec at 1.9% so I'm not grizzling

I opened one in January at 2.2%, and I was thinking of putting more in but then saw the rate had dropped to 1.95%, but I really should transfer some more cash savings in before the rate drops again.

1Amigo

What will us stricken savers do now that this lifeline is being taken away?