NS&I is bringing back its one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds.
Last on general sale in 2019, Guaranteed Growth Bonds and Guaranteed Income Bonds one-year fixed rate Issues will open up the opportunity for savers to invest for just one year with a minimum investment of £500 and a maximum of £1 million in each Issue. After one year, savers will have the choice to withdraw their cash or reinvest.
The new Issues, launched 1 February 2023, offer savers 4.00% gross/AER for one-year fixed rate Guaranteed Growth Bonds and 3.90% gross/3.97% AER for Guaranteed Income Bonds.
These rates for Guaranteed Growth Bonds and Guaranteed Income Bonds are the highest since 2010, when they were respectively 3.20% and 3.15% gross/3.20% AER.
NS&I chief executive, Ian Ackerley, said: “Existing customers may also gain from a better deal when their current Bonds mature, with the option to renew with a higher interest rate.
“At the same time, by offering two new issues, we are continuing to balance the interests of savers, taxpayers and the broader financial services sector to support our Net Financing target which contributes to the funding of public services.”
Fixed-term savings products (on sale from 1 February 2023
Fixed-term savings products (not on sale but available to customers with maturing products)
