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Guaranteed Growth Bonds

Sure thing

Enjoy peace of mind with our fixed rate Bond

Guaranteed Growth Bonds: facts and figures

  • Rate 1.50% gross/AER Issue 63
    1.95% gross/AER Issue 58
  • Term 1 year

    3 years
  • Tax Taxable, paid gross

    Taxable, paid gross

Suitable for savers who:

  • are happy to invest online
  • want their interest to build up so their investment grows in value
  • want to know exactly what return they’ll get
  • can leave their money invested for a fixed term
  • have £500 or more to invest

Not for savers who:

  • want to invest by phone or post
  • want a regular income from their investment
  • might need access to their money early

New customers

Summary box

Account name

NS&I Guaranteed Growth Bonds

What is the interest rate?

1-year term, Issue 63: on general sale

1.50% gross/AER

2-year term, Issue 55: only available to customers renewing a maturing Bond

1.70% gross/AER

3-year term, Issue 58: on general sale

1.95% gross/AER

5-year term, Issue 51: only available to customers renewing a maturing Bond

2.25% gross/AER

We calculate the interest daily and add it to your Bond on each anniversary of investment.

Can NS&I change the interest rate?

You’ll receive the rate on offer at the time you invest or start a new term, and that rate will be fixed for the length of your chosen term. We can change the fixed rates on offer at any time. Each time we change the rate on offer we release a new Issue of Bonds.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

1-year term, Issue 63

A £1,000 deposit would be worth £1,015.00 at the end of the 1-year term.

2-year term, Issue 55

A £1,000 deposit would be worth £1,034.29 at the end of the 2-year term.

3-year term, Issue 58

A £1,000 deposit would be worth £1,059.65 at the end of the 3-year term.

5-year term, Issue 51

A £1,000 deposit would be worth £1,117.67 at the end of the 5-year term.

These are illustrations only, so they don’t take into account your individual circumstances. They assume that you don’t make any withdrawals during the term.

How do I open and manage my account?

The Bonds are for customers aged 16 or over. You can hold them in your own name or jointly with one other person. You can also hold them in trust for one or more individuals.

For the Issues on general sale, you can:

  • apply for your Guaranteed Growth Bonds online only, but manage them online, by phone or by post
  • invest at least £500, paid by a debit card in your own name, issued by a UK bank
  • invest up to a total of £10,000 per person (or £10,000 per trust) per Issue

If you have a Bond that is due to mature, you can renew it online or by phone if you are registered for this service; you can also renew by post. The minimum amount you can renew is £500. There is no maximum limit when renewing a maturing Bond.

If you want to switch to an Issue of Guaranteed Growth Bonds that’s on general sale from another NS&I account or investment, download a switching form:

Download a switching form

Or call us

You can’t switch to an Issue of Guaranteed Growth Bonds that’s not on general sale.

Can I withdraw money?

Yes, before the end of the term you can cash in all or part of your Bond online, by phone or by post with no notice. We will deduct a penalty equal to 90 days’ interest on the amount you cash in. You need to keep a balance of at least £500 to keep your Bond open.

At the end of the term you can cash in with no penalty. We’ll contact you about a month before the end of the term to explain the options available at that time.

Additional information

We add your interest without deducting any tax. However, the interest is taxable so it will count towards your Personal Savings Allowance.

Find out more about tax and savings

We’ll send you a statement in April each year, showing the interest you’ve earned and any withdrawals you might have made. You can choose to receive your statements electronically or by post.

Definitions

Gross is the taxable rate of interest without the deduction of UK Income Tax.

AER (Annual Equivalent Rate) 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.

Existing customers

Managing your Bonds

You can log in or call us at any time to check the balance or cash in the Bond.

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

  • What happens at the end of a term?

    Around a month before the end of your chosen term, we’ll contact you to explain the options available at that time.

    There is no maximum limit when renewing a maturing Bond.

    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?

    Interest rates for renewing a maturing Bond

    These are the rates currently available for renewing a maturing Bond:

    Issue Term Effective from Interest rate

    Issue 63

    1-year

    11 June 2018

    1.50% gross/AER

    Issue 55

    2-year

    20 November 2017

    1.70% gross/AER

    Issue 58

    3-year

    11 June 2018

    1.95% gross/AER

    Issue 51

    5-year

    20 November 2017

    2.25% gross/AER

    Definitions

    AER (Annual Equivalent Rate) 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.

    Gross is the taxable rate of interest without the deduction of UK Income Tax.

  • Cashing in

    You can cash in your Bond at the end of your chosen term with no penalty.

    You can also cash in before that, but we will deduct a penalty from your payment equivalent to 90 days’ interest on the amount cashed in. Bear in mind that if you cash in all of your Bond within 90 days of investing, you will get back less than you invested.

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

    How to cash in

    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.

    Find out how long it takes to receive your payment

Your questions answered

Your questions answered


What is the maximum limit for renewing a maturing Bond?

There is no maximum limit when renewing a maturing Bond.


How long will this Issue of Guaranteed Growth Bonds be on sale for?

There’s no set period – the Issue could be withdrawn at any time.


Why is this investment online only?

This Issue of our Guaranteed Growth Bonds is only available to buy through our website, which will give customers a simple and straightforward way to invest. It is only suitable for customers who are happy to apply for their investment online. Once you have bought your Bond, you will be able to manage it online, by phone or by post.

If you’re unable to invest online due to exceptional circumstances, please call us to discuss your options.

Call us


How do I switch from another NS&I account into Guaranteed Growth Bonds?

If you want to switch to Guaranteed Growth Bonds from your NS&I Direct Saver, you can do this online. To switch from another NS&I account or investment:

Download a switching form


I’m having problems logging in to invest – what shall I do?

Read our ‘Problems logging in?’ page


How will I know that my online application has gone through?

We’ll email you to confirm we have received your application. We may need to contact you again before we accept your application, for example if we need to ask for evidence of your identity and address.


How long does it take to receive confirmation of my investment?

We’ll send you an email receipt for your application immediately following your online application. It then normally takes 24 hours to process and accept your application, although it can take longer if we need to ask you to send us documents to confirm your identity and address. Once we’ve accepted your application, we’ll send you an email and secure message to confirm your investment. You can then log in with your NS&I number and password to view the details of your investment.


I haven’t received acknowledgment of my application by email. What should I do?

If you haven’t received this within 24 hours of applying, please check your spam folder. Make sure you add our email address to your safe senders list: outgoing@nsandi.com

If you still haven’t received it, please contact us.

Contact us


How do I manage my Bond once my application has been accepted?

You can log in at any time to view and manage your investment – it’s quick, easy and secure. Remember to have your NS&I number and password to hand. You can also call us or give us instructions by post.

Log in

Apply now