At the start of 2015 the 65+ Guaranteed Growth Bonds were launched with a 12 month rate of 2.8%. Multiplied thousands of people took advantage of this attractive rate with over £13 billion pouring into the Government-backed product. As we come up to the first anniversary of these bonds, savers can either cash in the investment or choose to allow the funds to rollover, in part or in total, into a new term. The rates, though, are not so attractive:
1.45% for a one year term
1.70% for a two year term
1.9% for a three year term
2.55% for a five year term
This will be disappointing for many, but there are other providers with more attractive rates to temp the prudent saver.
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The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers based in the UK. Odyssey Wealth Management Ltd, Registered Office: Home Ground Barn, Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS. Registered in England number; 08756989
