Options when NS&I Pensioners Bonds mature?

itm2

I helped my parents to invest in NS&I Guaranteed Growth Bonds and Guaranteed Income Bonds a few years ago. Some of them are maturing in the next few months. Does anyone know what sort of options NS&I are currently offering when these types of bonds mature? Am I right in assuming that there will not be an option to extend these investments? (and that there will be a simple choice between cashing them in or reinvesting in whatever NS&I is currently offering to all of its customers?)

Stubod

..they normally give you the option to roll them over at a "new" (ie currently reduced) rate, or cash them in...

ColdIron

Guaranteed Growth Bonds

Guaranteed Income Bonds

itm2

Many thanks for that. Looks like the proceeds would be better invested elsewhere, particularly as I now believe that these bonds can no longer be accessed before the end of the term? (they used to be accessible at a cost of a 180-day interest penalty)

libra10

We have these bonds, which are due to mature during January next year.
We initially invested in NS&I pensioners' bonds, at a rate of 4%.  On maturity, the rate was approximately 2.2% (I think).
Not sure where to invest when they mature, wondering whether to consider adding to our premium bonds while interest rates are so poor.