National Savings & Investments (NS&I) has launched new issues of its two year fixed-rate bonds.
The Guaranteed Growth Bond pays interest at the end of the two-year term at a rate of 3.75% per annum.
The Guaranteed Income Bond pays interest monthly at a rate of 3.65% per annum.
Both bonds offer a 100% capital guarantee, backed by HM Treasury.
Customers can open the bonds online or over the telephone with a minimum investment of £500 and a maximum of £1 million.
“Money saved in our Guaranteed Income Bonds or our Guaranteed Growth Bonds will earn a competitive and guaranteed rate of interest for the next two years. It is a simple offer, and easy to take up,” said Peter Cornish, NS&I’s director of customer offers.
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