Savers have been handed a major boost as National Savings & Investments (NS&I) reintroduces its full range of British Savings Bonds.
It’s the first time since 2010 that all four terms have been on sale together.
The move marks a significant return for the full suite of British Savings Bonds, which are available as both Guaranteed Growth Bonds and Guaranteed Income Bonds.
NS&I says the relaunch is aimed at giving savers more choice amid continued uncertainty in the economy.
The reintroduction of all term lengths together has not been seen in over a decade.
It follows growing demand from customers looking for secure, fixed-rate savings options in an uncertain market.
Full rates of the new Issues of NS&I one, two, three and five-year British Savings Bonds
Andrew Westhead, NS&I Retail Director, said: “I’m pleased to announce the return of our one-year and five-year British Savings Bonds from today, alongside increased interest rates for our existing two-year and three-year fixed-term options.
“In today’s changing market, I’m glad we can offer savers who are looking for guaranteed rates greater choice, safe in the knowledge that their savings are 100 per cent protected.
“Today’s changes will help us to meet our new Net Financing target while continuing to balance the interests of savers, taxpayers and the broader financial services sector.”
NS&I announces two £1m Premium Bonds each month
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The relaunch of all four British Savings Bonds offers savers more flexibility to choose a term that suits their financial goals.
Whether they’re looking for a short-term option or a longer-term commitment, the fixed-rate bonds from NS&I provide a safe and predictable return.
All bonds are backed by HM Treasury, offering 100 per cent capital protection and making them an attractive option for cautious investors seeking security alongside decent returns.
Funds cannot be withdrawn early with fixed-term accounts
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Guaranteed Growth Bonds and Guaranteed Income Bonds are available to customers wanting a guaranteed rate for a fixed-term of one, two, three or five years.
Funds cannot be withdrawn early with fixed-term accounts.
Savers will need a minimum investment of £500 and can invest a maximum of £1million per person in each Issue.
After the fixed-term period, savers will have the choice to withdraw their cash or reinvest into a new term.