NS&I Guaranteed Growth Bonds

Hattie627

Just had maturity options letter for my NS&I GGB 1 year due to mature on 3 September.

The default option (do nothing) is a rollover to another one year bond at 4.18% fixed. Old rate from last year is/was 5.15%

Interested to know what others will be doing.

KTF

The best 1 year fix is currently 4.5% with the best instant access accounts being slightly higher.

I will be moving mine elsewhere when it matures.

trickydicky14

Hattie627 said:

Just had maturity options letter for my NS&I GGB 1 year due to mature on 3 September.

The default option (do nothing) is a rollover to another one year bond at 4.18% fixed. Old rate from last year is/was 5.15%

Interested to know what others will be doing.

That's a bit too low for me, I'll use the money to feed more regular savers me thinks.

Kim_13

I assume mine will be landing in a few days at the same rate. Only renewed last year because I didn’t have a better option at the time, but I do now.

Swipe

I will roll over. I really can't be bothered with the stress of transferring money.

ColdIron

I have 3 of them, 31st August, 11th September and 18th September

Once you have your maturity options the rate is guaranteed and may look OK after the MPC meeting on Thursday

I've want to cash in the first one and roll over the second. I haven't decided about the third

I've rolled over the first one to guarantee the rate. If the rate is still there on the 11th I'll change the first to cash in and roll over all of the second one. If the rate has reduced I'll keep the first and consider what to do about the second

Hattie627

The 4.18% being offered for renewal is the same as the rate being offered to new subscribers. If I recall correctly, the ones maturing in September were a "limited issue" offered for a short time in autumn 2023 and they rolled over last year at an above average rate for a one year fixed term. I'm wondering if they are worth renewing again in the hope of preferential rate being offered at some future point. Probably not. Time to cash in. 

ToastLady

I have 3 too, over different dates this month. I'll be taking all 3 out and have opened a 1 yr FS at 4.5% with Vanquis, still to be funded, but have 30 days.

AspiringPensioner

I have one as well, doesn't mature until later in Sep but it sounds like the rate offered is not going to be that attractive. As ToastLady mentions above, the Vanquis 1 Year Fixed Bond is still available at the moment (Tues morning) at 4.5%. I opened one yesterday, seems to be one of the best currently available and as TL said you have 30 days to fund it - but take note, once you make your first credit, you have to make the others within 5 days.  

subjecttocontract

Oxbury have a 6 month fix at 4.62%