National Savings and Investments (NS&I) has today launched the new British Savings Bonds, offering a fixed rate for three years.
Customers will be able to get a 4.15 per cent interest rate via this savings option.
Chancellor Jeremy Hunt announced the British Savings Bonds in the Spring Budget and they have today gone on sale.
The Guaranteed Growth Bond option is available at 4.15 per cent gross/AER and the Guaranteed Income Bond is 4.07 per cent gross/4.15 per cent AER.
British Savings Bonds are available to purchase online at nsandi.com.
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Savers are guaranteed interest rate fixed over three years for investments between £500 and £1million.
British Savings Bonds are available to purchase online at nsandi.com.