PENSIONER BOND

Discussion in 'Motorhome Chat' started by jenny and mitch, Jan 15, 2015.

  1. jenny and mitch

    jenny and mitch Funster

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    The site has crashed and and phone lines are fully engaged..NSandI say they envisage the bonds being on sale for months, rather than weeks.... Lets hope they are right !!!
     
  2. gillnphil

    gillnphil Funster

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    Whats a pensioner bond ? Is it like a premium bond for old people ?
    Phil
     
  3. Waves

    Waves Funster

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    [​IMG]
    Hope this helps this is a copy of an email we recieved this morning.........John

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    [​IMG] Dear

    We’re proud to introduce our new 65+ Guaranteed Growth Bonds for people aged 65 and over. They’re on sale right now, offering guaranteed returns at market leading rates. [​IMG]
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    We have two investment terms on offer:

    1-year Bond paying 2.80% gross/AER*

    3-year Bond paying 4.00% gross/AER*
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    [​IMG] If you're aged 65 or over and want to take advantage of this exclusive opportunity, the quickest ways to apply are at nsandi.com/65plus or by calling
    0500 500 000. We’re open 24 hours a day. If you're already registered for our online and phone service, please have your NS&I number and password ready.

    For full details of our new Bonds, including terms and conditions, please visitnsandi.com/65plus
     
  4. Ralph-n-Bev

    Ralph-n-Bev Funster

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    So why do you have to be over 65 to benefit ?
    I'm 51 fed up getting rubbish interest on my savings.
     
    Last edited: Jan 15, 2015
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  5. Ivory55

    Ivory55 Funster

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    Coz thier not going to raise the state pension much, it's probably a vote sweetener
     
  6. camocam1

    camocam1 Read Only Funster

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    Savings !!!!
    Joking apart I know what you mean and once again only the pensioners that HAVE money will benefit !!!!
     
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  7. Waves

    Waves Funster

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    Forgot to mention the interest is TAXABLE.

    John
     
  8. Wildbill

    Wildbill Funster

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    probably run for a few year then fold with all your money when thay bankrupt
    remember icas
     
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  9. busby

    busby Funster

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    Will keep mine under the matress...BUSBY.
     
  10. StefAndDi

    StefAndDi

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    No doubt these have been introduced with one eye on the forthcoming General Election.

    Is that really so wrong? Since the economy went t*ts up those with mortgages have enjoyed very low interest rates yet those of us who no longer have a mortgage have had to sit back and watch our savings evaporate.

    The Telegraph has an interesting piece (sorry I cannot put up the link), suggesting that £10,000 invested in a Pensioner Bond for 3 years will return £991 net. The same investment with Virgin Money will return £659 in a 3-year fixed rate ISA.

    Not wishing to start any fights between the old farts on here and the spring chickens of course.
     
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  11. trophychap

    trophychap Funster

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    Won't be applying myself! I will be better off in the long term with my Santander 123 account. It pays 3% on balances upto twenty thousand with no lock in periods and also give cash back if you pay your utility bills Rates TV licence ect IMHO a much better deal all round.
     
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  12. StefAndDi

    StefAndDi

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    And I won't be applying for exactly the same reason.
     
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  13. wingman

    wingman Funster

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    Yep, obviously an attempt to grab the 'grey' vote now there's millions of over 65's. Quite a powerful group. I could apply for bonds, but I'm much better overall with my Santander 123 account thanks.

    I'd also like to see some plan for younger families.
     
  14. Bailey58

    Bailey58 Funster Life Member

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    Any spare cash I've got is already in ISA's, earning half that but tax free so not worth the hassle of moving it.
     
  15. chaser

    chaser Funster

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    Same again here I get 4% on my current account at lloyds up to £5000 you have to put in £1500 a month but you can have two accounts and just have two direct debits from one to the other, bingo. Why tie it up for three years:doh:
     
  16. chaser

    chaser Funster

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    Must admit there are a couple more things that you have to do like ,I think have two dds going out, but believe me , I get about 12 quid a month on each for doing nowt that I wouldn't do anyway
     
  17. wiljoy

    wiljoy Funster

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    Definitely busy. My friends wife was overseeing this mad panic. By 3pm they had sold £230,000,000 worth.
    I went online at 9am and eventually finished of at 2pm . Got what we wanted though.
     

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