NS&I 3 Year Fixed Rate Bond @ 2.2% *** Market Leading *** - HotUKDeals
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NS&I 3 Year Fixed Rate Bond @ 2.2% *** Market Leading ***

£0.00 @ NS&I
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 £3,00… Read More
cliosport65 Avatar
1m, 2w agoFound 1 month, 2 weeks ago
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 )
More From NS&I:
cliosport65 Avatar
1m, 2w agoFound 1 month, 2 weeks ago
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(18) Jump to unreadPost a comment
Comments/page:
1 Like #1
Poor deal.Get 5% and 3% on current account savings.
2 Likes #2
Actually, it is not really a 'bad' deal for someone who wants a simple iron clad product to put their savings in. There are a million ways of getting better interest, but all involve more risk or hassle.
That said, NSI and the government are not exactly going out of their way to attract new money. This should have an upper limit of 50k to attract people.
1 Like #3
Hi, Who is offering 5% & 3% on current accounts ?
1 Like #4
peterjatkins
Hi, Who is offering 5% & 3% on current accounts ?
Nationwide and Tesco.

I think this is alright, if someone has taken all the other options available this seems like a sensible place to put money. Should have been far more than 3K though.

Edited By: throwawaysociety on Apr 11, 2017 17:27
1 Like #5
monitor1
Poor deal.Get 5% and 3% on current account savings.

You can, but usually only on a reletavely small amount so at worst this isnt a bad option for a safe place to put £3000 when you have maxed the better ones out
2 Likes #6
Does not even keep up with inflation.
#7
monitor1
Does not even keep up with inflation.
True...but I can't see what other options people have right now, if someone is using all of the regular savers, bank accounts that pay high interest etc then the best a person who is holding cash can do is stay as close to inflation as possible
#8
monitor1
Does not even keep up with inflation.
Not much does - unless you take a punt on shares, property or something similar. Shame this one's a taxable NS&I product.
#9
Newbold
monitor1
Does not even keep up with inflation.
Not much does - unless you take a punt on shares, property or something similar. Shame this one's a taxable NS&I product.

I guess the clue is 'market leading' - the problem is the market is just not very good
#10
Newbold
monitor1
Does not even keep up with inflation.
Not much does - unless you take a punt on shares, property or something similar. Shame this one's a taxable NS&I product.
you dont pay tax on savings up to 1k iirc
#11
You could look at ZOPA. I've been with them since the start and has consistently given an above inflation return. Currently offering 2.9 to 6.1% depending on the product you take.
2 Likes #12
Oh dear....here we go again! HUKD - the place to come for financial investment advice - NOT!
7 Likes #13
With Interest rates so bad, and a limit of £3000, may as well forego the £66 a year interest and stick the money in Premium bonds. Yes, No interest and extremely high odds of winning £1m. Still, the chance is there of a jackpot and plenty of smaller prizes to be had. My £5000 over last 18 months has paid out more multiple £25 prizes than easy access interest would have. The e-mail received when a prize is won just adds to the anticipation of logging on and seeing what your prize is. (sad life I know). It will happen one day.
#14
Some of us have offset mortgages. I was better off cashing in my ISA and setting the funds off against the mortgage. That tells you how bad savings accounts are.
1 Like #15
LesD
Oh dear....here we go again! HUKD - the place to come for financial investment advice - NOT!

LOL, that's a bit unfair! There are plenty of financially savvy people using HUKD.The clue is in the name of the site. It's up to you to separate the wheat from the chaff! DYOR :-)
1 Like #16
Funny isn't it after post #12 follows poor (but understandable) financial advice and then quite good financial advice!
#17
airbus330
You could look at ZOPA. I've been with them since the start and has consistently given an above inflation return. Currently offering 2.9 to 6.1% depending on the product you take.

unfortunately ZOPA are closed to new people at the moment
#18
throwawaysociety
airbus330
You could look at ZOPA. I've been with them since the start and has consistently given an above inflation return. Currently offering 2.9 to 6.1% depending on the product you take.
unfortunately ZOPA are closed to new people at the moment

Sorry about that, I was unaware of the current lending queues and embargo on new investors. But it goes to show that p2p lending has become accepted and popular. I expect that the situation will worsen when these products become available in ISA form.

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