Autumn Statement: New 2.2% savings bond on offer next year

Autumn Statement: New 2.2% savings bond on offer next year
 

A new savings bond offering a "market-leading" rate of 2.2% will go on sale next year, the chancellor, Philip Hammond, has announced.
Anyone over 16 will be able to invest up to £3,000 in the three-year bond.
For the moment the rate of 2.2% is only "indicative", and will be fixed when the bond is launched some time after April 2017.
The chancellor said two million people should benefit. However, critics said the offer was "underwhelming".
The bonds, from National Savings and Investments (NS&I), will be known as Investment Guaranteed Growth Bonds.
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23 November 2016 in Business, Views: 54
Source: BBC
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