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Our range
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Products no longer on sale
Pensioners Bonds and Capital BondsPensioners Guaranteed Income Bonds and Capital Bonds are no longer on sale. If you already hold either of these Bonds, there’s no need to worry - your Bond will carry on earning interest at the same rate until it matures. Your money remains 100% secure, backed by HM Treasury. We’ll write to you shortly before your Bond matures to let you know the options open to you. If you want to find out more about the options available when your Bond matures, you can download a brochure pdf using the links below. Back to topTreasurer’s Account (for non-profit-making organisations)The NS&I Treasurer’s Account is no longer on sale, and existing accounts will be closed for transactions from 10 August 2007. Until then existing account holders can carry on using their account as normal. But from 10 August account holders will no longer be able to make any deposits or withdrawals, except to close the account. We have written to all account holders to let them know. If your organisation has a Treasurer’s Account and has not heard from us yet, please call us on 0845 964 5000*. Existing accounts will still earn interest at the rates shown below. Current Treasurer’s Account interest rates
If a Treasurer's Account balance falls below £10,000, interest will be earned at half the rate of the first tier - ie 1.92% pa - for that period. The rates are variable, so they may change from time to time. We will update this page whenever the rates change. Interest is added after the close of business on 31 December each year. Gross is the taxable rate of interest without the deduction of UK Income Tax. AER (Annual Equivalent Rate) is a notional rate that illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same. Back to topOrdinary AccountThe National Savings and Investments Ordinary Account is no longer on sale, and all existing accounts are now closed for transactions. If you already have an Ordinary Account, you will no longer be able to make any deposits or withdrawals, except to transfer to another NS&I account or close the account. To replace the Ordinary Account, we introduced the Easy Access Savings Account, designed to make saving with us easier, more flexible and more rewarding. The Easy Access Savings Account pays higher rates of interest than the Ordinary Account, and comes with a cash card that you can use at Post Office® branches and LINK® cash machines. What are the options to transfer?Adults and children aged over 11 Or there's our Investment Account for customers who prefer a passbook. The Investment Account also pays higher rates of interest than the Ordinary Account. Children under 11 What to do nextCall us on 0845 964 5000* and we will send you an information pack containing everything you need to transfer your account. What if I don't want to transfer?If transferring to another NS&I account doesn't suit you, you can close your Ordinary Account instead. Just ask for an Ordinary Account closure form and pre-addressed envelope at a Post Office® branch or call us and we'll send you one. Complete the form and return it to us with your passbook. If your passbook is missing, ask for a "Lost or stolen savings book" form (NSA 49) at your Post Office® branch or call us and we'll send you one. Complete and return this form to us together with your closure form. To close an Ordinary Account for a child under seven, the parent or guardian must complete and sign the closure form. Back to topTESSA ISAAs the last Tax Exempt Special Savings Accounts (TESSAs) purchased in April 1999 matured in April 2004, the six month time period to reinvest the capital into a TESSA ISA has now passed. This means that NS&I – along with all other banks and building societies – is no longer able to accept applications for new TESSA ISAs. You may be interested to know that NS&I offers a unique range of other tax-free investments including Premium Bonds and Savings Certificates. If you already have a TESSA ISA with NS&I, please be assured that you can continue to hold your account and your money will still earn interest tax-free. Back to topSAYEThis product is no longer available. Should you have previously invested in a Save as You Earn plan from National Savings and Investments, many of the issues are no longer earning interest. To discuss your options or request a withdrawal form please call us on 0845 964 5000*. Back to topYearly Plan This product is no longer available. Should you have previously invested in a Yearly Plan with National Savings and Investments you will now be earning interest at our General Extension Rate. To gain a better rate of return, you can reinvest the money from your Yearly Plan into any of our current issues of Savings Certificates or one of our other products. If you would like to reinvest the funds or cash in your plan you will need to complete a withdrawal form. To discuss your options or request a form please call us on 0845 964 5000*. Back to topDeposit BondsDeposit Bonds were redeemed in June 2002 and no interest has been earned from that date. Should you have previously invested in a Deposit Bond with National Savings and Investments and have not reinvested or cashed in your Bond, please call us on 0845 964 5000* to discuss your options. Back to topFIRST Option BondsFIRST Option Bonds are no longer on sale. If you have previously invested in a FIRST Option Bond it will continue to earn interest at a guaranteed rate until its 12 month anniversary. We will write to you shortly before the anniversary to let you know the new guaranteed rate for the next 12 months and to explain your other options for reinvestment. At each anniversary the interest you have earned is credited to your Bond net of tax. Tax is deducted at the rate applicable to savings (currently 20%). If your Bond has reached an anniversary recently and you have not heard from us, it may be because you have changed address and not yet told us. Don’t worry though, your Bond will still be earning interest. If we did not hear from you by the Bond’s anniversary date, we will have automatically reinvested your Bond at the new rate guaranteed for a further 12 months. If you have any FIRST Option Bonds and want to know the current position of your holding, please call us on 0845 964 5000*, quoting your customer or holder’s number. Back to topNational Savings Stamps and Gift TokensThese products are no longer sold. If you have any National Savings Stamps or Gift tokens we can redeem these for you at face value. To do this simply contact us on 0845 964 5000* or send the stamps and tokens to us with details of your name and address. We will send you a warrant for the value. Please address these to: Back to top * Our UK customer service team is available every day from 7am until midnight. We don’t use premium rate numbers – maximum call charge 4p per minute from a BT landline; charges from other providers may vary. For your security, and to maintain the highest levels of service, calls may be recorded.
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