Showing results for tags 'plummets'.
Found 1 result
-
Hundreds of thousands of over-65s who invested in National Savings & Investments pensioner bonds will see their savings rate plummet from Jan 15th. The rate on the one-year 65+ Guaranteed Growth Bonds will fall from a market-leading 2.8% AER to 1.45% AER. NS&I is writing to around 470,000 bond holders, giving them 30 days’ notice to consider their options. Due to the volume of customers making their decisions at the same time, NS&I will only take maturity instructions online or by post, not over the telephone. The first bonds are due to mature from Jan 15th. If you do nothing, you'll be automatically reinvested for another year into a standard Guaranteed Growth Bond paying 1.45% AER. You have 30 days after the bond matures to move your money elsewhere, otherwise you face a 90-day interest penalty if you want to access your funds. Read the full story.... HERE
Latest
Our Picks
Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS