MSE News: NS&I to close three-year Investment Bond applications today

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Former_MSE_Karl
Former_MSE_Karl Posts: 175 Forumite
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in Savings & investments
NS&I to close three-year Investment Bond applications today
...
Read the full story:
'Today is the last day you can invest in Government-backed savings provider NS&I's Investment Bond, which pays savers 2.2% for three years...


'
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  • AndyPK
    AndyPK Posts: 4,241 Forumite
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    maybe 1 day or 2 days notice would have been better.

    I thought they had dropped the rate ?????
  • ColdIron
    ColdIron Posts: 9,127 Forumite
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    They have on the Guaranteed Growth Bonds (the ones you can deposit > £3K into) but the article is about the Investment Guaranteed Growth Bonds
  • IanManc
    IanManc Posts: 2,102 Forumite
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    AndyPK wrote: »
    maybe 1 day or 2 days notice would have been better.

    I thought they had dropped the rate ?????

    They gave a year's notice of this product's withdrawal - when it was launched it was announced that it would be available for a year, ending today.
  • Zanderman
    Zanderman Posts: 4,691 Forumite
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    Mrs Zanderman just tried to open one of these, via an existing NS&I login. The website is slow, random error messages appear and the final screen, how much are you paying in, hangs on a ridiculous error message asking for a 'term' to be picked, from a non-existent list (and anyway the term is fixed 3 years, so it's a pointless question). Has happened multiple time on multiple browsers. We conclude that the NS&I site is, er, overloaded.
  • AndyPK
    AndyPK Posts: 4,241 Forumite
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    IanManc wrote: »
    They gave a year's notice of this product's withdrawal - when it was launched it was announced that it would be available for a year, ending today.



    I was referring to MSE not NS&I
  • Audaxer
    Audaxer Posts: 3,512 Forumite
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    ColdIron wrote: »
    They have on the Guaranteed Growth Bonds (the ones you can deposit > £3K into) but the article is about the Investment Guaranteed Growth Bonds
    It's good that the Guaranteed Growth Bonds are still available, albeit the rate in the most recent issue is down to 1.95% for 3 years. Still not bad as savings rate go with a maximum limit per person of £1m.
  • ColdIron
    ColdIron Posts: 9,127 Forumite
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    I opened one at the beginning of December with plans to open another this week but got caught out by the rate drop, gotta be quick. Still, I got a 1 year fix with Investec at 1.9% so I'm not grizzling
  • Audaxer
    Audaxer Posts: 3,512 Forumite
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    ColdIron wrote: »
    I opened one at the beginning of December with plans to open another this week but got caught out by the rate drop, gotta be quick. Still, I got a 1 year fix with Investec at 1.9% so I'm not grizzling
    I opened one in January at 2.2%, and I was thinking of putting more in but then saw the rate had dropped to 1.95%, but I really should transfer some more cash savings in before the rate drops again.
  • 1Amigo
    1Amigo Posts: 28 Forumite
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    What will us stricken savers do now that this lifeline is being taken away?
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