NS&I Guaranteed Growth Bonds - 3.95% pa GROSS (1yr Fixed) - HotUKDeals
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NS&I Guaranteed Growth Bonds - 3.95% pa GROSS (1yr Fixed)

£0.00 @ Testing
Seems like a good deal for 1yr fixed rate. Capital is 100% guaranteed as backed by goverment. Guaranteed Growth Bonds Grow your money at guaranteed rates NS&I Guaranteed Growth Bonds give you a … Read More
Guzumper Avatar
7y, 8m agoFound 7 years, 8 months ago
Seems like a good deal for 1yr fixed rate. Capital is 100% guaranteed as backed by goverment.

Guaranteed Growth Bonds
Grow your money at guaranteed rates
NS&I Guaranteed Growth Bonds give you a guaranteed return on your investment, so you can plan confidently for your future. They also offer a choice of fixed rate terms, so you can choose which one suits you best.

>>>> 1-year Issue 48 - Guaranteed rate for first year 3.95% 3.16% <<<<<<

Can be cashed in early, with a penalty equal to 90 days interest
Access

Apply online, by phone or by post; cash in by post. Some Issues may be exclusively available online and/or by phone. No longer available at Post Office® branches
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#1
-3.95% doesn't sound too good but it is le crunch I suppose:thumbsup:
#2
http://www.nsandi.com/products/ggb/index.jsp

Above is a version of the link that will work.

Tax status: Taxable, paid net

Although this is a good rate considering competitive rates from building societys and the base rate with the current economic downturn. I would rather put it to premium bonds tbh
#3
himmerz;6729990
I would rather put it to premium bonds tbh

At 1.50%?
#4
himmerz
http://www.nsandi.com/products/ggb/index.jspI would rather put it to premium bonds tbh


Clown.:w00t:
#5
I have some money in premium bonds but for me it's just a replacement for buying a lottery ticket each week, I might never win anything more than £50 or so but I'm not losing any money either. It's really not a good investment considering the 1.5% interest rate paid in prizes mentioned above.

This seems to be the best rate for 1 year bonds at the moment with Barnsley Building Society (part of Yorkshire Building Society) apparently having the best longer term (3 years+) bonds.
#6
Thowky
I have some money in premium bonds but for me it's just a replacement for buying a lottery ticket each week, I might never win anything more than £50 or so but I'm not losing any money either. It's really not a good investment considering the 1.5% interest rate paid in prizes mentioned above.

This seems to be the best rate for 1 year bonds at the moment with Barnsley Building Society (part of Yorkshire Building Society) apparently having the best longer term bonds.


But you are losing money - by not investing at 3.95% you are losing money. It is simple maths!
banned#7
i had a local independent financial adviser see me at my home and provided me with some good advice, which i sourced from the following site, all I would say is that if u r serious about investment seek independent advice [url]www.ifanetwork.co.uk[/url]
#8
heated
#9
Robbieeee2k
But you are losing money - by not investing at 3.95% you are losing money. It is simple maths!


Not compared to buying lottery tickets every week :) And I'm not losing money as I still have the same amount (plus the occassional small prize), I'm just not gaining as much as I would be investing elsewhere.

I only have a bit of money in premium bonds and I know the odds of winning a big prize are extremely slim but I like having that chance there. I wouldn't recommend it to anyone else and I put most of my savings in other things, unfortunately I only got 3.5% on my 1 year bond back in August, though this was a pretty good rate at the time.
#10
Thowky
I only have a bit of money in premium bonds and I know the odds of winning a big prize are extremely slim but I like having that chance there. I wouldn't recommend it to anyone else and I put most of my savings in other things, unfortunately I only got 3.5% on my 1 year bond back in August, though this was a pretty good rate at the time.


Yes but the odds of winning the Premium Bond's top prize is 1 in 18 BILLION per bond compared to the lottery which gives you 1 in 14 million per entry so your over 1000 times more likely to win the lottery.
#11
This is also great if you have over 50k to put in, as it's 100% safe, unlike other banks.
#12
Just regarding the earlier comments on premium bonds, it says on moneysavingexpert >

"Your chance of winning the jackpot per £1 spent on the lottery is one in 14 million, far out-stripping the one in 40 billion chance of becoming a millionaire through the Premium Bond draw."

If you want to see how completely useless premium bonds are then have a look here >

http://www.moneysavingexpert.com/savings/premium-bonds#are
#13
Llamaman
Yes but the odds of winning the Premium Bond's top prize is 1 in 18 BILLION per bond compared to the lottery which gives you 1 in 14 million per entry so your over 1000 times more likely to win the lottery.


Not really comparable.
People rarely buy 'one bond' for the reasons below.
You don't 'lose' your money if you buy a bond , unlike a losing lottery ticket.
Your bond gets re-entered every month, unlike a lottery ticket which is 'one use only'.

As a poster mentioned, it's not an alternative for saving...
#14
It is completely comparable.

Whilst the money is in there, not only do you lose the chance to earn interest on that money, the money devalues due to inflation.

It would be far better to put the money in a savings account and use £12 of the interest to buy a monthly lottery ticket.
#15
Although I agree with the maths, the 1.5% figure must be an average. Some people will make nothing on theirs as they won't win any prized. I had £200 in them and won £50 within a year I think it was, so in my case it was better than any savings account I could have got.

I don't think it's really a straight comparison since it's not a guaranteed rate of 1.5%, it's a gamble instead.

That said, I wouldn't empty my ISA and stick it all in premium bonds. But I think it's good to have some 'just for fun'.
#16
"Your chance of winning the jackpot per £1 spent on the lottery is one in 14 million, far out-stripping the one in 40 billion chance of becoming a millionaire through the Premium Bond draw." I suspect this is ignoring the fact that my premium bond goes on giving me chances to win for as long as I keep it and gives me money back when I sell. The true cost of my bond is not a pound but the lost interest - so about 3p per year. So I get 33 bonds for the price of one lottery ticket.

Having said that - bonds are a gamble and about dreams not investment. For a high rate tax payer it's slightly better as winnings are tax free.
#17
What do u think about the NS&I's savings based on the RPI? ie. the Index Linked Bonds
Are they a good return as Inflation is predicted to rise?
#18
fishmaster
Just regarding the earlier comments on premium bonds, it says on moneysavingexpert >

"Your chance of winning the jackpot per £1 spent on the lottery is one in 14 million, far out-stripping the one in 40 billion chance of becoming a millionaire through the Premium Bond draw."

If you want to see how completely useless premium bonds are then have a look here >

http://www.moneysavingexpert.com/savings/premium-bonds#are


well ive won £100 on premium bonds with an investment of £200 over 2 years. yes ive probably beaten the odds but i cba buying lottery tickets at my local tesco and bonds keeps me in with a a stealth opportunity i wouldnt have otherwise.
you also need to remember most people dont expect to win when buying lottery tickets or bonds, its just the thought of winning that makes people buy them.
besides, if your going to quote odds, lottery tickets is a pointless exercise. as the odds suggest use your money elsewere if a return is so important.
#19
anyone checked out Abbey's Guaranteed Capital Plus (issue 14)
17% return after 3.75yrs or 35% after 5.5yrs
PLUS you can get SUPER BOND 1yr for 5% & SUPER ISA 1yr for 5.5% when you buy above product.

http://www.abbey.com/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1210610675557&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateB2
#20
lvarsani
anyone checked out Abbey's Guaranteed Capital Plus (issue 14)
17% return after 3.75yrs or 35% after 5.5yrs
PLUS you can get SUPER BOND 1yr for 5% & SUPER ISA 1yr for 5.5% when you buy above product.

http://www.abbey.com/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1210610675557&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateB2



That does look impressive.
will look into, thanks
#21
Incredible that some people have got the money to be able to consider these vehicles .
Spend it while you have got the chance ; one does not know what is around ones corner .
And the Chinese need your hard earnt . lol
#22
oadbyboy
Incredible that some people have got the money to be able to consider these vehicles .
Spend it while you have got the chance ; one does not know what is around ones corner .
And the Chinese need your hard earnt . lol


Well, me for one am trying to save for my future. Why have you got such a negative outlook on life. No intention to flame or upset u here.

If I didn't have to worry about bills and my future and had a wicked well paying job, then I too would spend spend spend.
#23
I saw an article in the newspaper for this bond. The only note of caution was that they pay the interest net, so if you can get your interest gross (tax free) then you cannot fill in an R85 form. You have to claim the tax back from the Inland Revenue.
#24
I had £25 worth of premium bonds bought for me when I was born (over 40 years ago). Haven't won a bean yet lol. If I had had it in a bank since then earning 4.7% pa compounded, it would have be worth over £190
I agree with what someone said earlier that if your not earning interest above inflation you are losing money.
#25
lvarsani;6734010
anyone checked out Abbey's Guaranteed Capital Plus (issue 14)
17% return after 3.75yrs or 35% after 5.5yrs

Those are the maximum figures though, at worst it could be 0.25% return after 3.75yrs or 0.5% after 5.5yrs.
#26
pKaTz
Well, me for one am trying to save for my future. Why have you got such a negative outlook on life. No intention to flame or upset u here.

If I didn't have to worry about bills and my future and had a wicked well paying job, then I too would spend spend spend.


Managed to catch one , good job my line was tight . lol:whistling:
#27
oadbyboy
Managed to catch one , good job my line was tight . lol:whistling:


good bait. lol
#28
Am trying to put £40k in one of these bonds, for 12 months.

Online application won't accept my Visa Electron (it does accept Visa debit for some reason).

I am presented with a number to call for help.

I call the number, and there is an automated message, telling me that the number has changed.

I call the new number given, and get a message, advising that the number is busy, but that I can press 5 for a call back.

I press 5, and get a message that this function is unavailable.

Doesn't fill me with confidence at all. If it is like this trying to pay money in, how difficult must it be to resolve a problem, when they have my money?
#29
bigsky
Clown.:w00t:


No real premium bonds u muppet
#30
buzzard
"Your chance of winning the jackpot per £1 spent on the lottery is one in 14 million, far out-stripping the one in 40 billion chance of becoming a millionaire through the Premium Bond draw." I suspect this is ignoring the fact that my premium bond goes on giving me chances to win for as long as I keep it and gives me money back when I sell. The true cost of my bond is not a pound but the lost interest - so about 3p per year. So I get 33 bonds for the price of one lottery ticket.

Having said that - bonds are a gamble and about dreams not investment. For a high rate tax payer it's slightly better as winnings are tax free.


Exactly my thoughts, thou i'm a student and pay very little tax these days :D
banned#31
doesnt seem a good rate to me. Only just took out a birmingham midhsires bond last week and that is paying 5.2%
#32
csiman
doesnt seem a good rate to me. Only just took out a birmingham midhsires bond last week and that is paying 5.2%


... Which is probably fixed for 5 years as opposed to the NS&I which is fixed for 1

Not a good move as interest rates won't be going any lower.
#33
ses6jwg
... Which is probably fixed for 5 years as opposed to the NS&I which is fixed for 1

Not a good move as interest rates won't be going any lower.


ditto
#34
Anyone applied by post? can you plse confirm address to send cheque to? The one the form says Glasgow but online address for comms for this prod is in Durham. thanks.
banned#35
ses6jwg;6826428
... Which is probably fixed for 5 years as opposed to the NS&I which is fixed for 1

Not a good move as interest rates won't be going any lower.

actually its a 3 year fix but withdrawals are permitted with 90 days loss of interest. Simple math will tell you 5.2% = 3.9% if you withdraw all your investment after 1 year. Therefore, 3 year fix at 5.2% is much better as long as you invest for longer than 1 year :thumbsup:
#36
csiman
actually its a 3 year fix but withdrawals are permitted with 90 days loss of interest. Simple math will tell you 5.2% = 3.9% if you withdraw all your investment after 1 year. Therefore, 3 year fix at 5.2% is much better as long as you invest for longer than 1 year :thumbsup:


maybe, but not if the 2 year interest rate is higher in one year when this one matures. In two years time having your money fixed at 5.2% gross may not seem such a good idea......
#37
Now withdrawn 3 or 5 year bonds still avaliable.
#38
My husband will be 65 in April, will these bonds still be available to buy.

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