We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
NS&I Guaranteed Income Bonds - Locked into very low interest rate and looks like no way out!
Comments
-
It's not just 30 days notice. I have a bond maturing on 2nd Feb and I got an email 2 weeks ago advising me my bond was coming close to maturity and to look out for another an email soon.1
-
This thread was from August 2022. OP might only have 6 months to wait it out now unless NS&I accepted an appeal, which I doubt they would have done.0
-
I was about to post the same - in respect of the more recent post that resurrected an old thread - mine matures on 9th Feb and I got the email to remind me about it yesterday. It doesn't have any instruction or options in, it's just a pre-emptive heads up that it's imminent. I think that's more notice than I've had anywhere else - 42 days.Swipe said:It's not just 30 days notice. I have a bond maturing on 2nd Feb and I got an email 2 weeks ago advising me my bond was coming close to maturity and to look out for another an email soon.0 -
I got fixed into one of those low % NS&I 3yr roll over jobs, as consuming family problems meant my brain was otherwise engaged and all rates were bad at the time in any case. Anyway it is due to mature in a few weeks , and I was pleasantly surprised to see its offering 5.40% for 1yr or 5.80%for either of 2 or 3 year fixes . Ive no idea, but Im guessing the interest rates wont stay that high for 3 years , so Ill be quite happy to fix at 2 or 3. Who knows, it could do an about turn and go up and Ill lose out, but I reckon its a fair gamble.0
-
My mum had money locked into this but it matures January. The auto renewal would give her 5.8% for another 3 years but I have given instructions to close it as I have EPA for her.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
The 365 Day 1p Challenge 2025 #1 £667.95/£667.95
Save £12k in 2025 #1 £12000/£150000 -
That 3 year renewal at 5.8% looks very attractive for income bonds but the downside is the interest will be taxed in the same year at maturity for the growth bonds.0
-
Thank you for all your comments, I am pretty new to investments, not having any spare cash in the past, so was unaware of the pitfalls I might find. Fortunately the investment matures in March so I will think a bit more wisely where I invest next time.0
-
Mine renews in May - I'll be chuffed to bits if it's still anything near 5% by that time0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards