Children’s Bonds are no longer on general sale. The current lssue is only available to customers aged under 16 with maturing Bonds.
What you need to decide
Children aged under 16
Around a month before the end of the 5-year term, we’ll write to the parent or guardian who looks after the Bond to let them know their options.
These will normally include:
- renewing the Bond for another 5-year term
- cashing in the Bond
Where we offer the option to renew a Bond, you won’t need to do anything – the Bond will automatically renew unless you tell us otherwise.
Please make sure this is what you want. If you change your mind after the Bond has renewed and want to cash it in before the end of the new term, we’ll charge a penalty equal to 90 days’ interest on the amount cashed in.
Remember that the interest rate for renewing the Bond could be higher or lower than the rate the Bond is currently earning.
Children aged 16 or over
Around a month before the end of the 5-year term, we’ll write directly to the child to let them know their options.
A Children’s Bond can’t be renewed after the child reaches 16, but the child will be able to:
- switch to another NS&I account or investment
- cash in their Bond
The information on this page is only relevant if you have a Bond maturing soon.
Not heard from us?
Call us if you have any questions or you haven’t heard from us 30 days before the end of your 5-year term. And don’t forget to tell us if you change your address or contact details.