NS&I Growth Bond

castle96

Anyone else with one maturing now? What are you doing with it??

"We've made an important change to NS&I Guaranteed Growth Bonds

If you decide to renew or buy a new Bond, you won't be able to cash it in before the maturity date - you'll need to hold the Bond for the full term."

Swipe

I'm renewing at the guaranteed one-year rate now the BOE base rate has dropped.

mebu60

Ditto @Swipe

castle96

Why is it I can only find 4.15%/3 yrs ??

Guaranteed Growth Bonds (nsandi.com)

ColdIron

castle96 said:

Why is it I can only find 4.15%/3 yrs ??

Guaranteed Growth Bonds (nsandi.com)

Because that is the current issue. What people are talking about here is the no longer available 1 year Issue 72 released 30/08/2023

mebu60

castle96 said:

Why is it I can only find 4.15%/3 yrs ??

Guaranteed Growth Bonds (nsandi.com)

They've probably withdrawn current 1 Year bonds temporarily to reduce rate in light of today's BoE decision.

The 5.15% 1 Year rate is a renewal option, not for new customers. 

castle96

But I am not a new customer. My 6.2% 1 yr rate matures 31/8 so....?

ColdIron

castle96 said:

But I am not a new customer. My 6.2% 1 yr rate matures 31/8 so....?

Mine matures on 31/08 and I received an email today. When I went into my account I had a secure message with details and when I selected the relevant GGB (I have 3) I saw my maturity options

Try logging in and have a look

molerat

castle96 said:

But I am not a new customer. My 6.2% 1 yr rate matures 31/8 so....?

So you should receive a maturity pack with your options.  Doing nothing should mean it auto renews at 5.15% for another year with a 30 day cancellation period, you should be lucky enough to be guaranteed that rate before any reductions are implemented.

Swipe

castle96 said:

But I am not a new customer. My 6.2% 1 yr rate matures 31/8 so....?

Log in and go to documents then select your growth bond from the drop down list

castle96

Doh. NOW it appears! Have you spoken to their virtual assistant? What a wally