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NS&I Bonds v cash in the bank?

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Money Talk > Investing, Stocks and Bonds

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johntimber
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NS&I Bonds v cash in the bank?  Reply with quote  

Hi,

I don't envisage needing to access it but I'm not comfortable putting it somewhere where, should I need to, I cannot. NS&I Issue 56 growth bond pays 2.2% on 3 years, is 100% protected, and I can get at it if I need to with a 90 day interest penalty. Is there any better option?
Please help.

I didn't find the right solution from the Internet.


Thanks
Post Wed Apr 18, 2018 5:32 am
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oldguy
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quote:
NS&I Issue 56 growth bond pays 2.2% on 3 years, is 100% protected, and I can get at it if I need to with a 90 day interest penalty. Is there any better option?


The answer depends on your goal - ie, are you in your 'wealth-building' years or your 'wealth-preservation' years.

The 2.2% bonds that you have are good retiree options. They provide "safe storage" for your money, and pay enough to offset inflation. But there is no growth, ie, no 'real' return.
Post Wed Apr 18, 2018 6:10 pm
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viditagarwal
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Approx, there are more than 25m people in the UK investing with National Savings & Investments (NS&I), which is one of the best known and top savings providers in the UK. Essentially you are providing cash to the Government, which provides savers with peace of mind that their money is 100% protected and the Government uses these cash to manage the National debt. It offers different kind of savings accounts, some of which are tax-free, as well as Premium Bonds with the opportunity to win tax-free monthly prizes.
Post Fri May 04, 2018 6:37 am
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