From the 15th January your National Savings & Investments’ three-year 65+ Guaranteed Growth Bond will begin to mature as this will mark the end of your fixed term. This bond paid a fixed interest rate of 4% on all contributions up to a maximum of £10,000, which if invested would mature with £11,300.
As this fixed term draws to a close there are number of options available to you and our team are on hand to explain these options to you. However, it is important to know that if you decide to do nothing, your funds will be automatically reinvested into the NS&I Guaranteed Growth Bond for a further three years, earning interest at 2.20% per annum.
With such a significant drop on your return, the option for reinvestment may not be one that suits. If you or a family member would like to review the options available for reinvestment, please contact Duncan or Sally on 01925 210 000.
