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65+ Guaranteed Growth Bonds

65+ Bonds
What you need to know

Information for existing customers

Managing your Bond

Managing your Bond

You can register for our online and phone service then log in or call us at any time to check the balance or update your details. (If you applied for your Bond online or by phone you’ll already be registered.)

Log in/register

Or you can give us instructions by post. You can download and print our most popular forms:

Downloads and forms

Shortly after the end of each tax year we’ll send you a statement showing the interest earned and the value of your Bond.

If you want a reminder of the key features of your Bond and the terms and conditions:

Read our 65+ Bonds key features leaflet

  • Interest and tax

    Your Bond is earning a fixed rate of interest, guaranteed for the length of the term you invested in.

    We calculate the interest on the daily balance, and add it to your Bond on each anniversary of investment. So for the 1-year Bond we’ll add the interest when your Bond matures. And for the 3-year Bond we’ll add the interest each year, so you will get the benefit of compound interest.

    The interest is taxable, but paid without any tax taken off. Basic rate taxpayers now have a tax-free Personal Savings Allowance of £1,000 on the interest earned on their savings (£500 for higher rate taxpayers). The interest you earn on your 65+ Guaranteed Growth Bond counts towards your Personal Savings Allowance, together with any interest you earn from other taxable savings.

  • What happens at the end of a term?

    Around 30 days before your Bond matures, we’ll contact you to let you know what your options are at the time. You don’t need to do anything until you hear from us. If you have more than one Bond we’ll contact you separately about each one.

    Don’t forget to let us know if you change your address or contact details so we can get in touch.

    How do I change my address and other details?

Cashing in early

Cashing in early

To get the full return from your Bond, you will need to keep your money invested for the whole of your chosen term. You can cash in your Bond at the end of the term with no penalty.

You can also cash in before that, but we will deduct a penalty from the payment equivalent to 90 days’ interest on the amount you cash in.

When you cash in part of your Bond, at least £500 must remain in the Bond to keep it open.

  • How to cash in

    Registered for our online and phone service? Log in or call us at any time with your NS&I number and password to hand.

    Log in

    Call us

    Or complete a cashing in form and send it to us

    How long will it take?

    When you cash in online or by phone, we’ll send your payment within three working days of receiving your instructions.

    When you do this by post, we’ll send your payment within five working days.