National Savings & Investments Pulls 6.2% Bond

National Savings and Investments launched its highest ever offer and market leading 6.2% pa Guaranteed Income and Guaranteed Growth one-year bonds on 30^th August.

Due to unprecedented demand, just six weeks later, NS&I pulled the bond on Friday with over 200,000 investors buying into its 72^nd issue of guaranteed bonds.

Comment

These record rates attracted national coverage prompting other bond providers to push rates up to complete.

Given NS&I is underwritten and backed by the Government meaning the combination of a high rate and the security of government backing raised £millions.

If you invested, well done, if you missed out, there are still 1-year bonds out there at 6.12% but offered by lesser-known banking groups although they are still protected by the Financial Services Compensation scheme.  To find out more, search any of the leading money comparison sites.