Pensioner Bonds pay up to 4%
For those of you fortunate enough to be over the age of 65 the Government’s “pensioner bonds” are offering some very attractive rates for you. The Chancellor has announced that they will pay 2.8% p.a. for a one-year bond and 4% p.a. for a three-year bond. For more details please click on the National Savings’ website http://www.nsandi.com/savings-65plus.
Please note that any interest will be taxed at your marginal rate.