This is an illustration only, so it doesn’t take into account your individual circumstances. What would the estimated balance be after 12 months based on a £1,000 deposit? Where interest is paid annually, the quoted rate and the AER are the same. Gross is the taxable rate of interest without the deduction of UK Income Tax.ĪER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. You can choose to receive your statements electronically or by post. We’ll send you a statement in April each year, showing the interest you’ve earned and your balance. However, the interest is taxable so it will count towards your Personal Savings Allowance in the tax year that your Bond matures. We add your interest without deducting any tax. We’ll contact you to let you know your options at least 30 days before your Bond matures. This means that you won’t be able to access your money until it matures. No, Guaranteed Growth Bonds are a fixed term investment that has to be held for the full term. If you want to switch to Guaranteed Growth Bonds from another NS&I account or investment, visit: invest up to a total of £1 million per person.invest at least £500, paid by a debit card in your own name, issued by a UK bank.apply for, and manage, your Guaranteed Growth Bonds online only.You can invest in Bonds in your own name or jointly with one other person. Our Guaranteed Growth Bonds are for customers aged 16 or over. What would the estimated balance be at the end of the term based on a £1,000 deposit?Ī £1,000 deposit would be worth £1,040.00 at the end of the 1-year term. No, you’ll receive the rate on offer at the time you invest and that rate will be fixed for the 1-year term. We calculate the interest daily and add it to your Bond on each anniversary of your investment. NS&I Guaranteed Growth Bonds What's the interest rate?
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