NS&I Bonds Maturing

Bazzalona13295

Hi there,

I can see there are numerous NS&I related posts, apologies for another one!

My first bond matures tomorrow, just had my closing statement which simply says just that - account closed.

No mention of sums or where the money is being forwarded to (I notified them weeks ago so I'm not too concerned on that front).

Just checking, does this sound normal?

I guess its 24/48 hours to move the money but it seemed an odd message with hardly any info.

InvesterJones

You'll get additional statements for additional accounts. That was just the statement for that account, and you will have had messages previously telling you what was going to happen.

ranciduk

I have NS&I green bonds maturing soon

they are spread out over five different bonds - I bought them separately over a period of a few weeks

On maturity I just want all the cash going to my nominated account

But when they mature , will they send me all the money combined in one go - or will they cash in each of the five bonds separately as they reach their maturity dates? 

ColdIron

They will be separate. What would they do with your money while the first waited for the last if there were several weeks of months between them? They will give you maturity options for each as they approach maturity. You could open a Direct Saver and accumulate the cash there I suppose before withdrawing

ranciduk

Cheers for that!