NS&I 1 Year Guaranteed Growth Bonds and Guaranteed Income Bonds at 6.20%

Miser1964

£1M in the 6.2% AER income bond would yield a useful £169.86 every day, subject to income tax obviously 

PixelPound

Miser1964 said:

£1M in the 6.2% AER income bond would yield a useful £169.86 every day, subject to income tax obviously 

So if I win the £1M premium bond tomorrow, I now know what to do with it. Cheers.

mebu60

Miser1964 said:

£1M in the 6.2% AER income bond would yield a useful £169.86 every day, subject to income tax obviously 

£169.40 next year?

JGal

So I have to leave my funds in my current account for up to 10 days earning diddly squat until NS&I open the account. Mmh

Swipe

JGal said:

So I have to leave my funds in my current account for up to 10 days earning diddly squat until NS&I open the account. Mmh

The bond is opened immediately and begins earning interest even when using a debit card.

caeler

I’ve got a fixed rate bond ending with Atom on 14 September. This would be perfect for me to move the money into. I’d fixed a year ago at 3.2%! Do we think this product will still be on offer on 14 September?!

JonSalji

caeler said:

I’ve got a fixed rate bond ending with Atom on 14 September. This would be perfect for me to move the money into. I’d fixed a year ago at 3.2%! Do we think this product will still be on offer on 14 September?!

I’ve got some maturing in a month, so I have gone into my emergency fund to buy this bond instead and hope I don’t need it in the next 4 weeks! 

Bazzalona13295

JonSalji said:

caeler said:

I’ve got a fixed rate bond ending with Atom on 14 September. This would be perfect for me to move the money into. I’d fixed a year ago at 3.2%! Do we think this product will still be on offer on 14 September?!

I’ve got some maturing in a month, so I have gone into my emergency fund to buy this bond instead and hope I don’t need it in the next 4 weeks! 

Similar. Was prepared to lose a few days worth of a lower rate to ensure I got in, but I've read they don't have a history of pulling deals abruptly.

Swipe

caeler said:

I’ve got a fixed rate bond ending with Atom on 14 September. This would be perfect for me to move the money into. I’d fixed a year ago at 3.2%! Do we think this product will still be on offer on 14 September?!

I can't see them pulling this unless the BOE starts cutting rates. 

worriednoob

Afternoon,  just a quick update - Contacted NS&I and although they've corrected my name, they are denying that any emails that I should have received are missing and also deny any data breach.  But I've definitely not received an email showing my debit card payment/transaction.  Not sure what else to do. The email showing the debit card transaction would be the only real written proof that I've made a large deposit.