Guaranteed Income bonds NS&I

auser99

My first NSI bond expires in 31 days, so tomorrow I should get the 30 day notice offer.

I hope they don't reduce the offer following the BoE rate reduction. Probably will for my other NSI bonds laddering over a couple of months, but would be annoying for the sake of 1 day for this one.

mebu60

auser99 said:

My first NSI bond expires in 31 days, so tomorrow I should get the 30 day notice offer.

I hope they don't reduce the offer following the BoE rate reduction. Probably will for my other NSI bonds laddering over a couple of months, but would be annoying for the sake of 1 day for this one.

Option 1: renew for another 1-year term

On its maturity date your Guaranteed Growth Bond will automatically start a new 1-year term at the new

rate of 5.15% gross/AER, unless you choose one of the other options. Even if the rates on offer for

Guaranteed Growth Bonds fall between now and the maturity date, you'll still earn the rate quoted above

if you renew your investment for a further term of the same length. If the rates go up between now and

the maturity date, you will receive the higher rate.

Hopefully it's the same terms for all upcoming 6.2% maturities, i.e. 5.15%. 

InvesterJones

mebu60 said:

auser99 said:

My first NSI bond expires in 31 days, so tomorrow I should get the 30 day notice offer.

I hope they don't reduce the offer following the BoE rate reduction. Probably will for my other NSI bonds laddering over a couple of months, but would be annoying for the sake of 1 day for this one.

Option 1: renew for another 1-year term

On its maturity date your Guaranteed Growth Bond will automatically start a new 1-year term at the new

rate of 5.15% gross/AER, unless you choose one of the other options. Even if the rates on offer for

Guaranteed Growth Bonds fall between now and the maturity date, you'll still earn the rate quoted above

if you renew your investment for a further term of the same length. If the rates go up between now and

the maturity date, you will receive the higher rate.

Hopefully it's the same terms for all upcoming 6.2% maturities, i.e. 5.15%. 

That's the option for people who've already received maturity letters. Question is, will different letters be sent for those yet to receive them?

JonSalji

Also received a 5.15% offer… had a look on MSE and this seems to be on par with the best 1-year fixes available at the moment - I guess not a bad idea to go for it?

It’s only £2k, so any rises and falls will be negligible anyway I think?

Swipe

Not looking too bad now after the rate cut. Glad I got my letter yesterday.

auser99

mebu60 said:

auser99 said:

My first NSI bond expires in 31 days, so tomorrow I should get the 30 day notice offer.

I hope they don't reduce the offer following the BoE rate reduction. Probably will for my other NSI bonds laddering over a couple of months, but would be annoying for the sake of 1 day for this one.

Option 1: renew for another 1-year term

On its maturity date your Guaranteed Growth Bond will automatically start a new 1-year term at the new

rate of 5.15% gross/AER, unless you choose one of the other options. Even if the rates on offer for

Guaranteed Growth Bonds fall between now and the maturity date, you'll still earn the rate quoted above

if you renew your investment for a further term of the same length. If the rates go up between now and

the maturity date, you will receive the higher rate.

Hopefully it's the same terms for all upcoming 6.2% maturities, i.e. 5.15%. 

Yep, as per @Inv@InvesterJones - will it be that rate offered tomorrow! I'd not been offered anything yet.

vandanfc

I have been offered 4.65% on a bond maturing soon.

CatJet

NSI Guaranteed Growth Bond  the rate has dropped 1 year renewal now  4.75%. Maturity date 5th October.

Nova1307

I have three GGBs maturing from 15-25 September. When I click on the maturity options it states that all three are set to auto-renew and that the 'guaranteed rate' is 5.15% and the 'current rate' is 4.75%. Does that mean if I let them auto-renew for another year I will receive 5.15%?  

Janie2008

Nova1307 said:

I have three GGBs maturing from 15-25 September. When I click on the maturity options it states that all three are set to auto-renew and that the 'guaranteed rate' is 5.15% and the 'current rate' is 4.75%. Does that mean if I let them auto-renew for another year I will receive 5.15%?  

Yes. I think it's those from 5th October that have the lower rate.