http://www.nsandi.com/savings-65plus
The new Bonds at a glance
What are the Bonds?
Lump sum investments providing capital growth
Choice of terms – 1-year and 3-year
Designed to be held for whole term, but can be cashed in early with a penalty equivalent to 90 days’ interest
When do they go on sale?
January 2015 – exact date to be announced
Available for a limited period
Who can invest?
Anyone aged 65 or over
Invest by yourself or jointly with one other person aged 65 or over
How much can I invest?
Minimum for each investment £500
Maximum per person per Issue of each term £10,000
What about interest?
1-year Bond 2.80% gross/AER*
3-year Bond 4.00% gross/AER*
Fixed rates, guaranteed for the whole term
Interest added on each anniversary