NS&I Green Savings Bond - 3.00% fixed for 3 years

Daliah

Albermarle said:

AFAIK, NS & I have a brief not to compete head on with commercial savings institutions, so they will never be at the top of the savings tables.

IIRC, they were tops, not too long ago. Their Income Bond had a relatively superb AER from May to September 2020. Seems to have been a one-off, though.

Swipe

km1500 said:

all 3 year's interest is paid (and taxable) in year 3

so kind of them ...

They've got to get back their money somehow

ranciduk

Albermarle said:

Daliah said:

sausage_time said:

Issue 3: 3.00% gross/AER, fixed for 3 years.   Somewhat tempting, taxable of course.

3.21% for a 1 year fix, and interest rates still on the up… https://moneyfacts.co.uk/savings-accounts/fixed-rate-bonds/

AFAIK, NS & I have a brief not to compete head on with commercial savings institutions, so they will never be at the top of the savings tables. On the other hand if you compare them with other very well known, large players ( like Barclays etc ) they have generally better rates. Even PB's 1.4% easily beats the big banks easy access accounts.

Your average member of the public will be happier with their money at 3% in NS& I, than with some small bank they have never heard of.

Yep Halifax’s only fixed bond pays 0.8%