NS&I Income Bond Issue 72 6.20%

jaceyboy

Hello,

Thinking about fixing £100k for a year on a monthly interest payout, does anyone know if you can open the Bond then add to it within 30 days after the initial deposit?

Ayr_Rage

All funds MUST be added at the time of opening.

mebu60

No, you have to fund it on application. But you can have multiple bonds. If they're still available in the next 30 days.

jaceyboy

Ayr_Rage said:

NO.

All funds MUST be added at the time of opening.

Thank you....

Dazed_and_C0nfused

jaceyboy said:

Hello,

Thinking about fixing £100k for a year on a monthly interest payout, does anyone know if you can open the Bond then add to it within 30 days after the initial deposit?

No, covered many many times on here already.

You can't make an "initial" deposit of any amount.  You can make a single deposit and that is it for that bond.

But if issue 72 was still available in 30 days you open a second bond.

ossie48

The OP mentions a 'monthly interest payout' on this bond. Is this possible as in you can access the interest monthly or have I misconstrued the post. 

molerat

ossie48 said:

The OP mentions a monthly interest payout on this bond. Is this possible as in you can access the interest only ?

The Income Bond pays the interest away to another account, the Growth Bond pays the interest into the bond and cannot be withdrawn.  Basically the same account with different interest options.
But they are referring to adding to the bond which cannot be done for either option.