Guaranteed Income Bonds (British Savings Bonds)

Earn guaranteed monthly income for a fixed term. Our Guaranteed Income Bonds are one of the British Savings Bonds announced by the Chancellor in the Spring Budget 2024.

Essentials at a glance

What's the interest rate?: 3.54% gross/3.60% AER, fixed for 2 years, Issue 72
3.44% gross/3.49% AER, fixed for 3 years, Issue 74
Can I take money out?: No, you cannot take money out until the Bond reaches the end of its term
Is the interest taxable?: Yes
How much can I start with?: £500 for each Bond you buy
What’s the max. I can save?: £1 million per person in each Issue

Great for you if …

You want a guaranteed interest rate for a fixed term
You want your interest paid out every month
You have £500 or more to invest
You are happy to invest online

Not for you if …

You want access to your money during the term
You want your interest to be added to your savings
You prefer to invest by phone or by post

Guaranteed Income Bonds FAQs

Yes. If you have an NS&I Direct Saver, you can apply online for a Guaranteed Income Bond and pay for it from your Direct Saver.

If you want to use another NS&I account to pay for your Guaranteed Income Bond, you'll need to complete a switching form.
Form to switch to a Guaranteed Income Bond

Can't find what you're looking for?

Ready to apply?

We’ll show you the Guaranteed Income Bonds summary box and ask you to read our customer agreement before you apply.

Applying for Guaranteed Income Bonds

Before you apply

Please read the summary box and customer agreement (below).

What you'll need

Your NS&I number (if you have one)
Your address and date of birth
Your UK bank account details registered to your current address
Your UK debit card

If applying jointly, you’ll also need the following info from the second investor:

Their NS&I number (if they have one)
Their address and date of birth

What happens next

We’ll process your application and aim to open your account in 7-10 working days. If applying jointly, we’ll contact the second investor by post.

We'll need to check the identity and address of everyone named on the application. To do this, we may ask you to upload or send us some documents.

Documents that prove your identity and address

Summary box

Account name

NS&I Guaranteed Income Bonds

What's the interest rate?

2-year term, Issue 72
3.54% gross/3.60% AER

3-year term, Issue 74
3.44% gross/3.49% AER

We calculate the interest daily and pay it to your bank account once a month.

Can NS&I change the interest rate?

You’ll receive the rate on offer at the time you start a new investment 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. We can also withdraw any Issue from sale without notice.

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

2-year term, Issue 72
A £1,000 deposit would earn £70.80 interest by the end of the 2-year term.

3-year term, Issue 74
A £1,000 deposit would earn £103.20 interest by the end of the 3-year term.

The interest is paid out monthly so the balance would remain at £1,000 at the end of each term.

These are illustrations only, so it doesn’t take into account your individual circumstances.

How do I open and manage my account?

Our Guaranteed Income Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

apply for, and manage, your Guaranteed Income Bonds online only
invest at least £500, paid by a debit card in your own name, issued by a UK bank
invest up to a total of £1 million per person

If you want to switch to Guaranteed Income Bonds from another NS&I account or investment, visit:

Switch to Guaranteed Income Bonds

Or call us

Can I withdraw money?

No, Guaranteed Income Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

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 your balance. 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.

Please make sure you’ve read our current summary box and customer agreement (terms and conditions) before applying.

Summary box

Customer agreement

Apply now

Switch to a Guaranteed Income Bond

Please read the summary box below before switching to this account.

Summary box

Account name

NS&I Guaranteed Income Bonds

What's the interest rate?

2-year term, Issue 72
3.54% gross/3.60% AER

3-year term, Issue 74
3.44% gross/3.49% AER

We calculate the interest daily and pay it to your bank account once a month.

Can NS&I change the interest rate?

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

2-year term, Issue 72
A £1,000 deposit would earn £70.80 interest by the end of the 2-year term.

3-year term, Issue 74
A £1,000 deposit would earn £103.20 interest by the end of the 3-year term.

The interest is paid out monthly so the balance would remain at £1,000 at the end of each term.

These are illustrations only, so it doesn’t take into account your individual circumstances.

How do I open and manage my account?

Our Guaranteed Growth Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

apply for, and manage, your Guaranteed Income Bonds online only
invest at least £500, paid by a debit card in your own name, issued by a UK bank
invest up to a total of £1 million per person

If you want to switch to Guaranteed Income Bonds from another NS&I account or investment, finish reading the information on this page and then use the button at the bottom.

Can I withdraw money?

No, Guaranteed Growth Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

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 your balance. 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.

Please make sure you’ve read our current summary box and customer agreement (terms and conditions) before switching.

Summary box

Customer agreement

You’ll need the following information to hand:

your NS&I number (if you have one)
the type of account you’re switching from
the associated account or holder’s number

Switch now

Switch to a Guaranteed Income Bond

Please read the below Summary Box below before switching to this joint account.

Summary box

Account name

NS&I Guaranteed Income Bonds

What's the interest rate?

2-year term, Issue 72
3.54% gross/3.60% AER

3-year term, Issue 74
3.44% gross/3.49% AER

3-year term, Issue 65
3.83% gross/3.90% AER

We calculate the interest daily and pay it to your bank account once a month.

Can NS&I change the interest rate?

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

2-year term, Issue 72
A £1,000 deposit would earn £70.80 interest by the end of the 2-year term.

3-year term, Issue 74
A £1,000 deposit would earn £103.20 interest by the end of the 3-year term.

The interest is paid out monthly so the balance would remain at £1,000 at the end of each term.

These are illustrations only, so it doesn’t take into account your individual circumstances.

How do I open and manage my account?

Our Guaranteed Growth Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

apply for, and manage, your Guaranteed Income Bonds online only
invest at least £500, paid by a debit card in your own name, issued by a UK bank
invest up to a total of £1 million per person in each Issue

If you want to switch to Guaranteed Income Bonds from another NS&I account or investment, visit: visit:

Switch to Guaranteed Income Bonds

Or call us

Can I withdraw money?

No, Guaranteed Income Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

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 your balance. 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.

Please make sure you’ve read our current summary box and customer agreement (terms and conditions) before applying.

Summary box

Customer agreement

You’ll need the following information to hand:

your NS&I number (if you have one)
the type of account you’re switching from
the associated account or holder’s number

Switch now

Switch to a Guaranteed Income Bond

You can switch to a Guaranteed Income Bond from another NS&I account easily online, without having to log in.

Switch to a Guaranteed Income Bond – individual account
Switch to a Guaranteed Income Bond – joint account

No thanks, I want to download and print a form to post to you.

Top up your Guaranteed Growth Bonds

If you already have an account with us, you can top it up whenever you like.

Top up by bank transfer

When you pay by bank transfer, you're confirming your bank account is a UK account in your name.

Reference:: You must enter your Guaranteed Growth Bonds account number (not your NS&I number) as the reference. You can find your account number on your statement or by logging in online.
Type of account:: Your bank may ask you what type of account you’re paying in to. Please select ‘business’.
Payee name:: NS&I
Account number:: 11994808
Sort code:: 08 31 35

Top up by debit card

Top up your Guaranteed Growth Bonds using your debit card

Top up your account

Ready to apply?

We’ll show you the Guaranteed Income Bonds summary box and ask you to read our customer agreement.

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Green Savings Bonds

2.95% gross/AER
3-year fixed, Issue 7

Go green with our new fixed-rate, fixed-term Bonds.

Invest from £100 to £100,000.

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Guaranteed Growth Bonds (British Savings Bonds)

3.60% gross/AER,
2-year fixed, Issue 72

3.50% gross/AER,
3-year fixed, Issue 74

Earn guaranteed returns for a fixed term.

Invest from £500 to £1 million.

Find out more

Premium Bonds

4.15% annual prize fund rate, variable until the December 2024 prize draw

4.00% annual prize fund rate, variable from the January 2025 prize draw

A fun way to save, with the chance to win tax-free prizes each month.

Invest from £25 to £50,000.

Find out more

Guaranteed Income Bonds (British Savings Bonds)

Essentials at a glance

Great for you if …

Not for you if …

Guaranteed Income Bonds FAQs

Can't find what you're looking for?

Ready to apply?

We’ll show you the Guaranteed Income Bonds summary box and ask you to read our customer agreement.

More ways to save

Green Savings Bonds

Guaranteed Growth Bonds (British Savings Bonds)

Premium Bonds

Why save with us?

You're in safe hands

Trusted by millions

The home of Premium Bonds

Guaranteed Income Bonds (British Savings Bonds)

Essentials at a glance

Great for you if …

Not for you if …

Guaranteed Income Bonds FAQs

Why are these Bonds also called 'British Savings Bonds'?

I cannot invest online, what do I do?

Can I top-up a Guaranteed Income Bond I’ve already bought?

Will I be able to access my money early?

Will I have to pay tax on my savings?

Can I invest jointly?

Can I move money from another NS&I account to buy a Guaranteed Income Bond?

What if I change my mind?

Can't find what you're looking for?

Ready to apply?

We’ll show you the Guaranteed Income Bonds summary box and ask you to read our customer agreement.

More ways to save

Green Savings Bonds

Guaranteed Growth Bonds (British Savings Bonds)

Premium Bonds

Why save with us?

You're in safe hands

Trusted by millions

The home of Premium Bonds

Sorry

Sorry