NS&I Growth Bond

bucksman

I am here for the same reason, I read online somewhere about the new restricted Bond for existing bond holders but there is no mention of it on the NS&I website and asking the 'chat' bot/advisor did not help either! I will login again and go to the specific bond.  And that reminder message sent in the last days was as clear as mud! 

castle96

now appearing for me   5.15 1yr

bucksman

So, I just logged in to NS&I, and there appear to be no details about the new bond; yes, it is clear that this is the default option.  It does not indicate if the payable interest is monthly or annually. Does anyone know if there are options when interest is paid, please?

NedS

Had my renewal offer through - happy to take 5.15% for another 12 months

DjangoUnchained

seems many banks offer higher rates for renewals. Ive renewed at DF capital at 5.2% 1 year fix  and 18 month fix.

refluxer

bucksman said:

So, I just logged in to NS&I, and there appear to be no details about the new bond; yes, it is clear that this is the default option.  It does not indicate if the payable interest is monthly or annually. Does anyone know if there are options when interest is paid, please?

From the summary box on the 1 year Guaranteed Growth Bond I took out last September (which also included renewal bond options for 2-5 years)...

"We calculate the interest daily and add it to your Bond on each anniversary of investment."