NS&I fixed-rate 2-year bonds unveiled

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NS&I fixed-rate 2-year bonds unveiled

Mon 13th Jul 2009

As the benefits of saving become more pronounced during the recession, National Savings & Investments (NS&I) has launched a new two-year versions of both its Guaranteed Growth Bond and Guaranteed Income Bond.

Available to take out either by telephone or through the internet, the bonds are available from today. The Guaranteed Growth Bond offers an interest rate o 3.75 per cent, while the Guaranteed Income Bond features a rate of 3.65 per cent.

The investment range for both fixed-rate bonds is between £500 and £1 million and both come with a 100 per cent capital guarantee, due to NS&I's support from the Treasury.

"Money saved in our Guaranteed Income Bonds or our Guaranteed Growth Bonds will earn a competitive and guaranteed rate of interest for the next two years," Peter Cornish, director of customer offers at NS&I stated.

NS&I has around 27 million customers and more than £94 billion in investments.

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