National Savings and Investments
 
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Products no longer on sale


 

Cash ISA

The NS&I Cash ISA is no longer on sale. If you already have an NS&I Cash ISA, you can carry on using it but deposits can no longer be made at a Post Office® branch or at a bank/building society. You can still make deposits by phone, post, standing order and electronic funds transfer.

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TESSA-only ISA - now known as T Cash ISA

The NS&I TESSA-only ISA is now known as the NS&I T Cash ISA. Remember, you can't make any further subscriptions into an NS&I T Cash ISA, although you have the option of transferring it to an NS&I Direct ISA - contact us for more details. You also have the option of transferring it to a cash ISA or a stocks and shares ISA with another provider.

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Fixed Rate Savings Bonds

On 23 February 2008 we relaunched NS&I Fixed Rate Savings Bonds as two distinct investments with new names – the NS&I Guaranteed Income Bond and the NS&I Guaranteed Growth Bond

If you already hold a Fixed Rate Savings Bond, any future correspondence about your investment will refer to it as either a Guaranteed Income Bond or a Guaranteed Growth Bond, depending on whether you chose the income or growth option when you invested.

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Pensioners Bonds and Capital Bonds

Pensioners 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.

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Ordinary Account/Treasurer's Account/SAYE/Yearly Plan/Deposit Bonds

All the above accounts and investments have now been closed completely and any remaining funds transferred to the NS&I Residual Account.

Customers of these accounts and investments wishing to have their money repaid should contact us and ask for an 'NS&I Residual Account repayment application' form.

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FIRST Option Bonds

FIRST 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 free on 0500 007 007. Your call will be taken by one of NS&I’s award-winning UK customer service team. We’re available every day from 7am till midnight. Calls from mobiles may not be free. Calls may be recorded.

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National Savings Stamps and Gift Tokens

These 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, 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:

National Savings and Investments
Glasgow
G58  1SB

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* Your call will be taken by one of NS&I’s award-winning UK customer service team. We’re available every day from 7am till midnight. Calls from mobiles may not be free. Calls may be recorded.



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