  |  Matchstick Join Date: Apr 2008 Posts: 24 |
NS&I Guaranteed Growth Bonds - 3.95% pa GROSS (1yr Fixed)
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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-3.95% doesn't sound too good but it is le crunch I suppose
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Robbieeee2k:
But you are losing money - by not investing at 3.95% you are losing money. It is simple maths!  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. |
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