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It was the highest rate the savings provider had ever offered for that type of bond, with the extra security offered by state-backed NSI encouraging savers to deposit some 11.3bn into the bonds. A year on and the 6.2% rate has now expired.
How to buy guaranteed income bonds?
If you have an NSI 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 NSI account to pay for your Guaranteed Income Bond, youll need to complete a switching form.
Is it worth putting 5000 in Premium Bonds?
Realistically, the numbers dont favour you and youre probably better off putting 5000 in NSI Income Bonds for a guaranteed 1.16%. But if youre feeling lucky or enjoy the excitement of potentially winning big, then theres no harm in putting it in Premium Bonds - just dont expect a return!
How to apply for NSI bonds?
How do I buy Premium Bonds? Buying online. You can buy Premium Bonds online using our secure online system. Buying over the phone. Were here in the UK every day except bank holidays. Buying by post. Simply complete an application form and send it to us, with a cheque payable to NSI. Bank transfer or standing order.
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