NS&I 4.00% Guaranteed Growth Bond and 3.97% Guaranteed Income Bond

ranciduk

Can I ask you guys a quick question please

how do you actually give NS&I your maturity instructions?

can you log into your account on their website and select what you want to do? Or do you send a letter or ring them up?

thanks

ColdIron

ranciduk said:

can you log into your account on their website and select what you want to do?

Yes you can

ranciduk

So if I just want my money paying back to my nominated bank account on maturity - I can just select that on the website? Simple as that?

Swipe

ranciduk said:

So if I just want my money paying back to my nominated bank account on maturity - I can just select that on the website? Simple as that?

Yes, just select the option to cash out. The default do nothing option is to auto-renew again at the same length and guaranteed rate quoted in the document / letter. Looks like I got lucky this time. Doesn't bode well for my 6.2% one maturing in October though. 

ColdIron

Yes it is. Last time I used it, April 2023 I think, I could elect to rollover, change to a different term or take the cash. You could even mix and match as I recall. Because they have plenty of notice cash withdrawals happen on the day of maturity. All very simple

ranciduk

Great 

thanks ppl!

BooJewels

I logged in to NS&I last night as the 9th is my maturity date and there was nothing showing for my GIB - but I got my maturity paperwork in the post today and logging in again at teatime, I now had the various maturity options available.   So if it doesn't show yet, it might appear nearer the maturity date.

ranciduk

As was going to ask - my bonds don’t mature for a couple of months and there’s no maturity options at all when I login to my Ns&i account 

do the actual options only appear online shortly before your maturity date?

ColdIron

Yes. They'll write to you before maturity with rates and options, typically 4 weeks. The online options appear about then

ranciduk

Awesome 

thanks for clarifying 👍