New “pensioner bond” a boost for older savers

From this morning pensioners can invest in National Savings 65+ Guaranteed Growth Bonds returning up to 4%. The so called “pensioner bonds” will offer fixed savings rates over one to three years and stem from a commitment by the UK Government last year. Earlier this month I wrote to the Treasury seeking confirmation of when these savings bonds would be available and I am glad that they have now been launched. With interest on savings so low in recent years, it is important that people who may rely on their savings can earn a decent return. These bonds are available to the over 65’s and are Government backed by National Savings and Investment, which will reassure investors on the security of their savings. The amount allocated to these bonds has been capped and by all accounts demand has been high already, so those who qualify should make enquires as soon as possible.

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