We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Falling interest rate on income bond.
clive0510
Posts: 909 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.
0
Comments
-
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.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/
1 -
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards