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NS&I offers highest ever interest rate for one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds

ended 30. August 2023

NS&I has today announced it is offering its highest ever interest rate for one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds. Key points below and full press release >> here <<. Any thoughts, send them across ASAP as this story is BREAKING.

  • New Issues of one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds are on sale from today at 6.20% gross/AER and 6.03% gross/6.20% AER respectively
  • Highest ever interest rate for Guaranteed Growth Bonds and Guaranteed Income Bonds since they first went on sale in 2008
  • Rate increases for customers renewing two, three and five-year Guaranteed Growth Bonds and Guaranteed Income Bonds at maturity

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Editor
Wes WilkesVerified
CEO at IronMarket Wealth
New issues of growth and income bonds from NS&I, both at 6%, show the other side of the interest rate story. It's fantastic news for savers who qualify, after years of next to no return on these products. While not quite a positive 'real' return when adjusted for inflation, they are a welcome boost to a saver's assets who can now lock in a decent rate whilst its available.