Welcome news for current NS&I growth bond holders that are maturing soon

Swipe

Welcome news for current NS&I growth bond holders maturing soon. According to the article below, there's talk of a 5.4% renewal rate at maturity. I have a 4% one maturing in February.

https://www.thisismoney.co.uk/money/saving/article-12881981/The-hidden-5-4-fixed-bond-thats-available-NS-account.html

auser99

How will the 6.2% many took out a few months back look at renewal time is the big question.

Swipe

auser99 said:

How will the 6.2% many took out a few months back look at renewal time is the big question.

I'm not too bothered about that one as mine doesn't mature until October. I was more concerned about getting my 4% one due in Feb at a better rate.

trickydicky14

Swipe said:

auser99 said:

How will the 6.2% many took out a few months back look at renewal time is the big question.

I'm not too bothered about that one as mine doesn't mature until October. I was more concerned about getting my 4% one due in Feb at a better rate.

Has anyone got an idea of how long this possible renewal rate would be around for?

Swipe

trickydicky14 said:

Swipe said:

auser99 said:

How will the 6.2% many took out a few months back look at renewal time is the big question.

I'm not too bothered about that one as mine doesn't mature until October. I was more concerned about getting my 4% one due in Feb at a better rate.

Has anyone got an idea of how long this possible renewal rate would be around for?

I have no information other than what is in the article

refluxer

trickydicky14 said:

Swipe said:

auser99 said:

How will the 6.2% many took out a few months back look at renewal time is the big question.

I'm not too bothered about that one as mine doesn't mature until October. I was more concerned about getting my 4% one due in Feb at a better rate.

Has anyone got an idea of how long this possible renewal rate would be around for?

There is no way of knowing because it depends on how much NS&I need to raise, how quickly people pay in to meet that need and what the competing rates are elsewhere at the time.

The 6.2% GGBs were launched on 30th August and available for 5 weeks, but the base rate was still heading upwards at that time (it had increased to 5.25% earlier that month) and the outlook wasn't as certain as it is now, with the recent drops in inflation. 

That said, this new 5.4% rate is only available to maturing bond holders so the uptake is bound to be slower than the 6.2% bonds, which were available to all.

Swipe

Just had my "Time to decide: your NS&I investment is maturing soon" email. I'll confirm the rate when I receive details.

You have an NS&I fixed term investment that’s due to mature soon, so it’s nearly time to decide what to do next.

We’ll contact you around 30 days before the maturity date to explain your options. We’ll then need to receive your instructions no later than two working days before your investment matures. If you want to give us your instructions online or by calling us, you’ll need your NS&I number and password to hand.

valiant24

Swipe said:

Just had my "Time to decide: your NS&I investment is maturing soon" email. I'll confirm the rate when I receive details.

I've had two of these now, the second more urgent as mine matures on 22/02/24.   However despite them saying that there's a letter telling me my options and the rate if I roll over for another year there isn't in fact one, so I can't make a sensible decision on this.  I suppose I'll have to waste a morning trying to get in touch with some of the most obdurate and jobsworth agents in a sector famed for obdurate jobsworths!

Has anyone else been told what their rollover offer is please?

ColdIron

Have you logged in and had a look? The options are usually visible so you can select one

InvesterJones

If changing term length they also reserve the right to change the rate right up to the point it rolls over - last I looked they'd dropped considerably to the 3-4% range.

valiant24

ColdIron said:

Have you logged in and had a look? The options are usually visible so you can select one

I had.  I have no letter under Profile->Your Documents.   However buried deep in one of the menus is the offer, which i was able to locate with the help of a chat agent.   It's 4.7%.

About the same as TN25 / TR25 gilts then. 

Thanks for the reply.