I strongly welcome the launch of a new National Savings and Investments Bond for pensioners. These new bonds, for people aged 65 and over, will offer market-leading rates and support people who rely on their savings in retirement.
There are two bonds being launched:
- A one year bond will offer returns of 2.8 per cent gross/AER interest
- A three year bond will pay 4 per cent gross/AER interest
I am delighted that these new bonds are rewarding older savers and giving them the certainty and comfort of a good return over the life of their investment. The Government has made £10 billion available to allow these bonds to be issued, which should give all those pensioners who wish to take advantage of the rates plenty of time to do so.
You can find out more about these bonds at the following website: http://www.nsandi.com/
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