NS&I maturity options

SeriousHoax

Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.

wmb194

SeriousHoax said:

Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.

Which bonds?

DRS1

The Top Fixed Interest Savings Discussion Area - Page 398 — MoneySavingExpert Forum
may contain some relevant posts on the last couple of pages

refluxer

SeriousHoax said:

Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.

If you mean the Guaranteed Growth Bonds, then the 4.18% 1-year renewal rate wasn't high enough for me (with safe, established names like OakNorth, Atom and Cynergy all offered between 4.40 and 4.50%) so I took my money out and didn't renew mine.

Automatic renewal into another fix of the same duration is the default option so if you decide you don't want that to happen then I would get your maturity instructions in soon, bearing in mind just how flaky their online banking site can be at times.

Yorkie1

If it's the Guaranteed Growth Bond, I rolled over last year, but decided that the difference in interest between their new rate and one I can get elsewhere was too great, so it will close in a couple of days' time. I will then put half in 1 year, and half in a 2 year, fixed rate account both with Chetwood Bank. 

SeriousHoax

refluxer said:

SeriousHoax said:

Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.

If you mean the Guaranteed Growth Bonds, then the 4.18% 1-year renewal rate wasn't high enough for me (with safe, established names like OakNorth, Atom and Cynergy all offered between 4.40 and 4.50%) so I took my money out and didn't renew mine.

Automatic renewal into another fix of the same duration is the default option so if you decide you don't want that to happen then I would get your maturity instructions in soon, bearing in mind just how flaky their online banking site can be at times.

Hi yes it's Guaranteed Growth Bond thanks for your opinion.

Yorkie1

refluxer said:

SeriousHoax said:

Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.

If you mean the Guaranteed Growth Bonds, then the 4.18% 1-year renewal rate wasn't high enough for me (with safe, established names like OakNorth, Atom and Cynergy all offered between 4.40 and 4.50%) so I took my money out and didn't renew mine.

Automatic renewal into another fix of the same duration is the default option so if you decide you don't want that to happen then I would get your maturity instructions in soon, bearing in mind just how flaky their online banking site can be at times.

Although they do say they have a cooling off period of 30 days, which suggests that even if you do roll over into another bond, you can cancel within those 30 days. (Read the details).