The new Guaranteed Growth Bonds, announced by the Chancellor in the November 2016 Autumn Statement, have been launched and are now on sale for 12 months. However, they are only available online.
As confirmed by the Chancellor in the Budget on 8 March 2017, the Bonds offer a market-leading rate of 2.2% gross/AER, fixed over a 3-year term.
The Bonds are available to those aged 16 or over, with a minimum investment of £100 and a low maximum limit of £3,000 per person.
This savings product would be of more interest if one could invest reasonable sums, but they might be handy if one has some spare cash looking for a home and of course, a couple can invest £6,000.
More information is available at https://www.nsandi.com/
