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NS&I Growth Bond

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Comments

  • bucksman
    bucksman Posts: 102 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    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
    castle96 Posts: 3,054 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    now appearing for me   5.15 1yr
  • bucksman
    bucksman Posts: 102 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    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
    NedS Posts: 5,324 Ambassador
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Had my renewal offer through - happy to take 5.15% for another 12 months

    I am a Forum Ambassador and I support the Forum Team on the Benefits & tax credits, Heat pumps and Green & Ethical MoneySaving forums. If you need any help on those boards, do let me know. Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
  • seems many banks offer higher rates for renewals. Ive renewed at DF capital at 5.2% 1 year fix  and 18 month fix.
  • refluxer
    refluxer Posts: 3,530 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    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."
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