The NS&I Investment Guaranteed Growth Bond is a three-year savings account paying a rate of 2.2% AER. The product is available from today (11 April 2017).
You can deposit between £100 and £3,000 per person and interest is paid once a year on the anniversary of the account opening. It is available to anyone aged over 16, and joint accounts are also permitted.
However, the account is available online only. Plus, if you withdraw your money before the three years is up, you’ll forfeit 90 days’ worth of interest.
This is available to open until 10 April 2018 ( 1 Year opening window )