National Savings Pensioner Bond Maturity Options Published

National Savings Pensioner Bond Maturity Options Published.

National Savings and Investments has this week released terms for 65+ year old pensioner investors who have one-year guaranteed growth bonds that mature on 15^th of January 2016.

NS&I has confirmed that investors who hold one-year bonds will be able to reinvest at maturity into one, two, three or five year guaranteed growth bonds or cash in their investments.

The rates applicable are as follows:

1.45% per annum gross/AER for a 1-year Guaranteed Growth Bond

1.70% per annum gross/AER for a 2-year Guaranteed Growth Bond

1.90% per annum gross/AER for a 3-year Guaranteed Growth Bond

2.55% per annum gross/AER for a 5-year Guaranteed Growth Bond.

What if I miss the deadline?

You should receive information from NS&I around now. If you do not reply or do not take action your one-year guaranteed growth bond will be automatically reinvested into another one-year guaranteed growth bond at 1.45% per annum gross.

Comment

Compared to interest rates available in the open market you will always find some that offer higher rates and some that offer lower rates. The fact remains that these bonds have the security of being backed by the British government.