Falling interest rate on income bond.

clive0510

I have 100k in a ns&i income bond. it was paying me  just over £300 pcm, which helps to supplement my pension. due to the recent interest rate change, I'm now getting £260pcm. so I'm looking for advice on where to put that money that will give me a monthly income? advice appreciated.

wmb194

clive0510 said:

I have 100k in a ns&i income bond. it was paying me  just over £300 pcm, which helps to supplement my pension. due to the recent interest rate change, I'm now getting £260pcm. so I'm looking for advice on where to put that money that will give me a monthly income? advice appreciated.

clive0510 said:

I have 100k in a ns&i income bond. it was paying me  just over £300 pcm, which helps to supplement my pension. due to the recent interest rate change, I'm now getting £260pcm. so I'm looking for advice on where to put that money that will give me a monthly income? advice appreciated.

Play with the filters to find accounts that will pay interest (away) monthly.

https://moneyfactscompare.co.uk/savings-accounts/

eskbanker

Bear in mind that if/when moving away from NS&I, the FSCS protection cap of £85K comes into play, so, unless it's a joint account, you'd be safest with two accounts.  It shouldn't be difficult to beat 3.26% gross interest though....