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Falling interest rate on income bond.
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clive0510
Posts: 890 Forumite

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.
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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.
https://moneyfactscompare.co.uk/savings-accounts/
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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....0
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