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Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with ...
The last series have now ended and must be redeemed for their principal cash within 10 years of the final ending dates. [29] The bonds were generally identified by their colour, for instance the blue premium bonds were issued in 1948, and were redeemed in 1998 (10 years + 4 10-year extension). [ 30 ]
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department [2] and an executive agency of HM Treasury. [3]
Index-linked Savings Certificates are British inflation linked bonds from National Savings and Investments, the state-owned savings bank in the United Kingdom. The bond terms are typically 2, 3 or 5 years. The returns are linked to Retail Price Index (RPI) with a tiny added interest rate on top. The Bonds can no only be cashed in at maturity.
Series EE savings bonds can be redeemed a year from purchase, but you won’t see the same level of returns if you cash in your bond before it matures in 20 years.
Here are the top five myths about Series I bonds.
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