NS&I Guaranteed Growth Bond

CWMSE

I notice that the above offers a 30 day cooling-off period. I also notice that if you do cool-off you receive full interest on top of capital. This is interesting as it could be used as a 30 day vehicle (if you so wished) paying 6.2% AER, which is better than any other monthly guaranteed return available?

InvesterJones

CWMSE said:

I notice that the above offers a 30 day cooling-off period. I also notice that if you do cool-off you receive full interest on top of capital. This is interesting as it could be used as a 30 day vehicle (if you so wished) paying 6.2% AER, which is better than any other monthly guaranteed return available?

They also offer income bonds if you want monthly.

southone

If  two separate or more guaranteed income bonds were held how would the interest be paid to your nominated account as one or more separate payments? Just trying to find a way of getting money into this account with a limited transfer on debit card

Swipe

southone said:

If  two separate or more guaranteed income bonds were held how would the interest be paid to your nominated account as one or more separate payments? Just trying to find a way of getting money into this account with a limited transfer on debit card

It would be separate payments 

southone

Swipe said:

southone said:

If  two separate or more guaranteed income bonds were held how would the interest be paid to your nominated account as one or more separate payments? Just trying to find a way of getting money into this account with a limited transfer on debit card

It would be separate payments 

Thanks that's what I feared I still have paper bank statements and I don't want pages of then LOL

trickydicky14

southone said:

Swipe said:

southone said:

If  two separate or more guaranteed income bonds were held how would the interest be paid to your nominated account as one or more separate payments? Just trying to find a way of getting money into this account with a limited transfer on debit card

It would be separate payments 

Thanks that's what I feared I still have paper bank statements and I don't want pages of then LOL

Switch to online statements, job done?

tg99

CWMSE said:

I notice that the above offers a 30 day cooling-off period. I also notice that if you do cool-off you receive full interest on top of capital. This is interesting as it could be used as a 30 day vehicle (if you so wished) paying 6.2% AER, which is better than any other monthly guaranteed return available?

Do you know how many days the money would be in transit earning zero interest once you withdraw it? Don’t believe there are any lost days on way in as interest starts on day of debit card payment I think.