Income Bond notice period to be removed

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Income Bond notice period to be removed

Wed 13th Jul 2005

National Savings and Investments (NS&I) has announced plans to modify its current policy regarding Income Bonds.

The government-backed savings and investments provider intends to remove the current six-week notice period to allow customers much quicker access to their money without the threat of a penalty.

These changes will not only increase flexibility for the 350,000 customers currently investing in NS&I Income Bonds, but will also improve security and convenience.

"Income Bonds not only offer a safe home with attractive rates of return, but now there is the added benefit of instant access which will appeal to existing and new customers alike," claimed Peter Cornish, head of customer offers.

The new policy comes as the latest in a long line of developments aimed at making access easier for customers of NS&I, which have thus far greatly increased investment.

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