Growth bond savings rates cut by NS&I

Growth bond savings rates cut by NS&I
 

National Savings and Investments (NS&I) is to cut the interest rate it pays to investors who buy Guaranteed Growth and Income Bonds.
From Tuesday, the three-year Growth Bond will only pay 1.95%, compared with 2.2% under the previous issue.
The three-year Income Bond will pay 1.9%, down from 2.15%. The rate on the one-year version of both products will remain unchanged.
NS&I said they had proved too popular since their launch in December.
At the time they were near the top of the best buy tables, although they have since been overtaken by other savings products.
The change will only... read more

 
6 March 2018 in Business, Views: 40
Source: BBC
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