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

We calculate the interest daily and add it to your Bond on each anniversary of investment, so you 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 Investment Guaranteed Growth Bonds counts towards your Personal Savings Allowance, together with any interest you earn from other taxable savings.

Find out more about interest and tax

Our Investment Guaranteed Growth Bonds are no longer available. Instead, we can offer you our Guaranteed Growth Bond if you want to continue investing with us when your Bond reaches the end of its term.

There is one important difference that you need to know about. With our Guaranteed Growth Bonds, you won’t have access to your money until the Bond reaches the end of its term.

Around a month before your Investment Guaranteed Growth Bond reaches the end of its term, we’ll contact you to explain the options. If you choose to reinvest into a 3-year Guaranteed Growth Bond, you’ll receive the interest rate we quote in your letter, even if our rates go down before your maturity date. If you reinvest into a 1-year Guaranteed Growth Bond, you’ll receive the rate on offer on the date your Bond matures. Bear in mind that this could be lower than the rate in the summary box we send you.

See the relevant summary box for the Guaranteed Growth Bond rates currently on offer:

Summary box for Bonds maturing on or before 30 April 2020

Summary box for Bonds maturing on or after 1 May 2020

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

How do I change my address and other details?