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  • FIRST POST
    • RG2015
    • By RG2015 1st Dec 17, 5:43 PM
    • 1,126Posts
    • 675Thanks
    RG2015
    NS&I 3 Year Bond 2.20%
    • #1
    • 1st Dec 17, 5:43 PM
    NS&I 3 Year Bond 2.20% 1st Dec 17 at 5:43 PM
    I have just noticed that NS&I are now offering a 3 year bond at 2.20% with a maximum of 1 million per person. This is in addition to the 3 year 2.20% bond that is limited to 3,000 per person.

    I assume that this is new as it it not listed on the main MSE savings page. It is though surprising that there has been no publicity about this.

    There are also some other new 1 and 3 year bonds with quite good rates.
Page 3
    • aberlyfid_2000
    • By aberlyfid_2000 24th Dec 17, 4:05 PM
    • 52 Posts
    • 13 Thanks
    aberlyfid_2000
    seems like a good deal compared to current interest rates, even those promotional ones.

    the interest penalty on withdrawals isn't all that great as it is in effect an insurance policy against rising rates, as you can always put your money elsewhere if they rise (substantially) over the next three year period.
    • Threewheeler
    • By Threewheeler 30th Dec 17, 1:42 PM
    • 90 Posts
    • 36 Thanks
    Threewheeler
    What about the five year term issue 51? For customers renewing a maturing bond, how does the maths work for cashing in part?
    Threewheeler
    • honestsammy
    • By honestsammy 4th Jan 18, 8:35 PM
    • 35 Posts
    • 13 Thanks
    honestsammy
    Sorry for a bit of a noddy question, and I think I already know the answer to this but....

    When you open the account you invest a lump sum, but can you continue to add money like a regular saver or do you have to open a new bond every time you want to invest new money?
    • ColdIron
    • By ColdIron 4th Jan 18, 8:44 PM
    • 4,045 Posts
    • 4,998 Thanks
    ColdIron
    It's a new bond every time

    27. As Bonds have a specified term, it is not possible to
    invest further money in a particular Bond once it has been
    issued. Where a person purchases Bonds of a particular Issue
    on different dates, a new Bond will be issued in respect of
    each purchase.

    https://www.nsandi.com/files/published_files/asset/pdf/guaranteed-growth-bonds-brochure-print-friendly.pdf
    • honestsammy
    • By honestsammy 6th Jan 18, 3:07 PM
    • 35 Posts
    • 13 Thanks
    honestsammy
    Thanks ColdIron - I thought so. Off to open my bond now!
    • xiox
    • By xiox 10th Mar 18, 10:49 AM
    • 76 Posts
    • 21 Thanks
    xiox
    Looks like these are down to 1.95% now.
    • RG2015
    • By RG2015 10th Mar 18, 11:19 AM
    • 1,126 Posts
    • 675 Thanks
    RG2015
    Looks like these are down to 1.95% now.
    Originally posted by xiox
    The 3,000 one is still available at 2.20%
    • adindas
    • By adindas 10th Mar 18, 1:20 PM
    • 3,508 Posts
    • 2,186 Thanks
    adindas
    Does anyone think that this saving account could be better than 10x Virgin money regular saving account @2.25% managed under one umbrella. You could also include branch products if there is a brach nearby. My personal opnion. VM RSA a/c is more flexible and you could transfer it to your Bank A/C anytime you want to and and then get back again when you do not need it.

    But I am aware that it might fit to some people if they are having too much cash to save and do not want to take a risk in investing. But for most people it is probably not.
    Last edited by adindas; 10-03-2018 at 1:32 PM.
    • RG2015
    • By RG2015 10th Mar 18, 3:25 PM
    • 1,126 Posts
    • 675 Thanks
    RG2015
    Does anyone think that this saving account could be better than 10x Virgin money regular saving account @2.25% managed under one umbrella. You could also include branch products if there is a brach nearby. My personal opnion. VM RSA a/c is more flexible and you could transfer it to your Bank A/C anytime you want to and and then get back again when you do not need it.

    But I am aware that it might fit to some people if they are having too much cash to save and do not want to take a risk in investing. But for most people it is probably not.
    Originally posted by adindas
    You have a point but to beat the 2.20% from NS&I I would need to start 20 months ago.
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