PENSIONER BOND

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

  1. jenny and mitch

    jenny and mitch Funster

    Joined:
    Sep 16, 2010
    Messages:
    2,050
    Likes Received:
    1,767
    Location:
    Bungay Suffolk
    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

    Joined:
    Apr 12, 2010
    Messages:
    995
    Likes Received:
    4,978
    Location:
    West Suffolk
    Whats a pensioner bond ? Is it like a premium bond for old people ?
    Phil
     
  3. Waves

    Waves Funster

    Joined:
    Nov 9, 2012
    Messages:
    40
    Likes Received:
    21
    Location:
    Paignton
    [​IMG]
    Hope this helps this is a copy of an email we recieved this morning.........John

    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​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]
    [​IMG]
    [​IMG]
    [​IMG]
    We have two investment terms on offer:

    1-year Bond paying 2.80% gross/AER*

    3-year Bond paying 4.00% gross/AER*
    [​IMG]

    [​IMG] [​IMG]
    [​IMG]
    [​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

    Joined:
    Nov 30, 2009
    Messages:
    6,155
    Likes Received:
    9,777
    Location:
    Wrenthorpe, Wakefield.
    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
    • Like it Like it x 1
  5. Ivory55

    Ivory55 Funster

    Joined:
    May 23, 2012
    Messages:
    1,052
    Likes Received:
    1,834
    Location:
    North West Norfolk
    Coz thier not going to raise the state pension much, it's probably a vote sweetener
     
  6. camocam1

    camocam1 Read Only Funster

    Joined:
    Aug 28, 2012
    Messages:
    1,112
    Likes Received:
    783
    Location:
    Elgin,Moray,Scotland
    Savings !!!!
    Joking apart I know what you mean and once again only the pensioners that HAVE money will benefit !!!!
     
    • Like it Like it x 2
  7. Waves

    Waves Funster

    Joined:
    Nov 9, 2012
    Messages:
    40
    Likes Received:
    21
    Location:
    Paignton
    Forgot to mention the interest is TAXABLE.

    John
     
  8. Wildbill

    Wildbill Funster

    Joined:
    Nov 18, 2011
    Messages:
    7,550
    Likes Received:
    13,634
    Location:
    cowdenbeth fife
    probably run for a few year then fold with all your money when thay bankrupt
    remember icas
     
    • Like it Like it x 1
  9. busby

    busby Funster

    Joined:
    Aug 18, 2011
    Messages:
    3,734
    Likes Received:
    3,501
    Location:
    derbys
    Will keep mine under the matress...BUSBY.
     
  10. StefAndDi

    StefAndDi Read Only Funster

    Joined:
    Nov 3, 2014
    Messages:
    414
    Likes Received:
    941
    Location:
    Near St. Austell, Cornwall
    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.
     
    • Like it Like it x 2
  11. trophychap

    trophychap Funster

    Joined:
    Dec 24, 2009
    Messages:
    749
    Likes Received:
    6,962
    Location:
    bedworth warks
    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.
     
    • Like it Like it x 1
  12. StefAndDi

    StefAndDi Read Only Funster

    Joined:
    Nov 3, 2014
    Messages:
    414
    Likes Received:
    941
    Location:
    Near St. Austell, Cornwall
    And I won't be applying for exactly the same reason.
     
    • Like it Like it x 1
  13. wingman

    wingman Funster

    Joined:
    Feb 10, 2013
    Messages:
    1,082
    Likes Received:
    2,775
    Location:
    Romford, Essex
    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

    Joined:
    Jun 23, 2010
    Messages:
    6,782
    Likes Received:
    10,564
    Location:
    Norfolk and Toftir.
    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

    Joined:
    Feb 16, 2013
    Messages:
    8,279
    Likes Received:
    9,578
    Location:
    uttoxeter
    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

    Joined:
    Feb 16, 2013
    Messages:
    8,279
    Likes Received:
    9,578
    Location:
    uttoxeter
    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

    Joined:
    May 23, 2008
    Messages:
    939
    Likes Received:
    1,048
    Location:
    Crook, Durham
    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.
     
Loading...

Share This Page