The new "pensioner " savings bonds are due to become available in the next two weeks Anyone wishing to buy some is well advised to have thier cash to hand as they will be mightily oversubscribed and they will be on a first come first served basis.
www.nsandi.com/65plus
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Ten years too young dammit!!
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>> Ten years too young dammit!!
Nice problem to have though:)
Would you rather be 10 years nearer falling off the twig?
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>> Would you rather be 10 years nearer falling off the twig?
Not really but 4%........
Would have looked penurious a few years ago but I'm struggling to anything useful without a long tie in.
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A timely reminder. The boss just said we should make sure we have enough brass in the current account ready as we will be away next week. I'm not eligible, but she is!
£10,000 limit, but that's per term - of the 1 year at 2.8% gross and the 3 year at 4% gross.
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You can get 3% on capital up to £20k in a Santander 123 current account. I suppose that interest rate could change anytime though, although if it did drastically they would lose a lot of customers.
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After tax and considering their relative inflexibility, these new bonds are probably not for me.
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The pensioner bonds are on sale from today.
Is it surprising that the part of the NS&I web site that deals with the bonds is overloaded at the moment?
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"Is it surprising that the part of the NS&I web site that deals with the bonds is overloaded at the moment?"
Steph mentioned this 10mins or so ago on the breakfast programme. I'd signed up for the e-mailed updates regarding release date information, but haven't heard anything - anyone else signed up?
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Yes, the email came this morning.
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I signed up for alerts (looking at them for father in law) but nothing yet. But I know we'll probably miss out.
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On-line service not available. As might have been predicted.
I'm not going to waste all day trying to get through, I'll just post off two application forms with cheques and take my chances in the raffle.
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"Yes, the email came this morning."
Thanks. That's odd - I don't think it's been rejected as spam.
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>> "Is it surprising that the part of the NS&I web site that deals with the
>> bonds is overloaded at the moment?"
>>
>> Steph mentioned this 10mins or so ago on the breakfast programme. I'd signed up for
>> the e-mailed updates regarding release date information, but haven't heard anything - anyone else signed
>> up?
No, but i got the email anyway. I am already a bond holder - I bought 15 grands worth of the last national savings bonds. Seem to recall they were 1% +RPI or something like that. I'll have to check when they mature
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I got the email this morning and as others have done found the site overloaded , email unavailable and the phone line constantly engaged.....
I will keep trying but not surprised that they are having overloading of their system.
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I thought about buying some bonds, but decided against it. Equities will serve me I think. With the dividend and capital growth, they outperform any other safe-ish form of investment.
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I have downloaded the forms and will send off for £10 k of both issues today , it has got to be better than the current savers rates in the Building Society.
I also have £ 10K in the tax free index linked to RPI plus 0.5% bond. I believe that it is the same one that Zero mentioned . That was taken out in 2011 for 5 years investment term so matures next year.
SWMBO is not amused as although she draws state pension at 63 she is not entitled to 'pensioner ' bonds.
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>>I have downloaded the forms and will send off for £10 k of both issues today , it has got to be better than the current savers rates in the Building Society.
Better, but as Duncan points out, there are superior alternatives. It sounds as if you are affluent enough to open a stockbroker account, whence higher yielding stock with moderate risk can be bought, such as corporate bonds, PIBs and preference shares. Bonds themselves have no growth but bonds funds are designed to and of course funds smooth out the lurches in the ordinary shares market if you are attracted to equities. Extra security can be had by investing in a number of different holdings.
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>>send off for £10 k of both issues
There's a limit of £10K per person per term, not per issue!
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>>There's a limit of £10K per person per term, not per issue!
NS&I make it as clear as mud.
Because my second application hit a brick wall, I presumed I could only apply for a maximum of £10K this year.
Seems their website didn't like my second application for some reason, after I checked the terms very carefully I re-applied and it seems to have gone through.
Touch wood!
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>>I got the email this morning...>>
I didn't even though I have investments with nsandi but, in any case, I'm not convinced that the new bonds are the be all and end all......
Last edited by: Stuartli on Fri 16 Jan 15 at 00:06
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Spent an hour this morning and another this afternoon getting nowhere with the online application.
Just completed in five minutes........................................Grrrrrrrrrrrrrrrr.
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At 6.30 this evening it worked perfectly. Delightfully fast.
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A scramble on issue day was inevitable but unlike Stones tickets they won't sell out in minutes; NS&I have stated this product will be available for weeks if not months.
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My 97yo Aunt spent hours trying to get through on the phone. There's optimism for you at that age! She eventually asked me to apply for her online....it took several phone calls before she supplied her correct NI number, then whilst applying on her behalf the site asked for my NI account number & password as it recognised my email address. I didn't even know I had one, so in order to find these two prerequisites I have to download a form and print it off. Then post it and wait for a reply. Think I will go to the PO and get her an application form. If they have any left. And she lives 30 miles away, so by the time I next see her the bond will probably be closed.
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>> Think I will go to the PO and get her an application form.
Print it off after downloading it and post it to her.
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Send me a photo of your aunt.
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I can do better than that BBD.
Especially for you, I shall scrunch up a sheet of pale yellow A4 into a ball,
stick it under my armpit for 24 hours, then post out to you. That should be a perfect 3D resemblance of her face.
Anything to oblige
Kind regards
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Yep, gave done that rtj. Posted to her, filled everything in on her behalf ( her 97yo eyesight isa bit duff) enclosed a black pen for her signature, and a first class stamped envelope. All she has to do is write a cheque. And try to live till she's 100.
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>> All she has to do is write a cheque. And try to live till she's 100.
Bonds are accessible. Just lose interest. So if she wanted access sooner she can. Just might not get all the money back.
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>> it recognised my email
>> address.
get a new email address and try again??
8o)
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There are many better deals, with various maturity dates and degrees of risk. For the same level of security, Treasury 8% 2021 yields about 5.5% and can be sold at any time, although, like all loan stock, it is redeemed at par. An investment grade corporate bond (rated BBB-) is Intermediate Capital 7% 2018, yielding nearer 6.5%. Standard Chartered has has a non-cumulative preference share flagged 7.375% and yielding 6.3%.
None of these will have any capital growth but this might be found among investment trusts, unit trusts/OIECs and ETFs trading in fixed interest stocks. For example, Royal London Sterling Extra Yield A Inc. yields 7.60%
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>> There are many better deals, with various maturity dates and degrees of risk. For the
>> same level of security, Treasury 8% 2021 yields about 5.5%
Well 1.137% actually according to this.
www.fixedincomeinvestor.co.uk/x/bondtable.html?groupid=3
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That is the redemption yield. The running yield is shown in this morning's Telegraph as 5.63%.
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Doesn't that ignore the fact that you won't necessarily be able to get back what you paid for the bond. It will tend to fall in value as it gets nearer to redemption. When you compare the running yield to the yield on Pensioners bonds you are not comparing like for like and it is therfore somewhat misleading.
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>>Doesn't that ignore the fact that you won't necessarily be able to get back what you paid for the bond. It will tend to fall in value as it gets nearer to redemption. When you compare the running yield to the yield on Pensioners bonds you are not comparing like for like and it is therfore somewhat misleading
It *will* of course fall at redemption unless bought below par. It can be traded, and if bought early in 2011(for example) could be sold with a profit of 16% in mid 2012, or 7% now. Other points in time could involve a loss - timing is all. Redemption yields are low but the income is useful pro tem. I was not seeking to compare like with like so much as yield with yield.
Incidentally, does anyone know of a free bond rating website? Brokers have access to such sites but they pay for them and the services are probably restricted to the trade anyway.
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>>
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>> None of these will have any capital growth
>>
The "pensioners bonds" are officially called Growth Bonds, but that is clearly miss-selling, because obviously there is no growth - you get back exactly what you put in, less inflation.
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>> The "pensioners bonds" are officially called Growth Bonds, but that is clearly miss-selling, because obviously
>> there is no growth - you get back exactly what you put in, less inflation.
This product is not intended for a market that differentiates capital growth from income. The interest rate, at least in longer term, is some way in excess of current inflation so sum invested should grow.
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This product is intended for a market that votes.
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>> This product is intended for a market that votes.
True dat :-)
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Savings bonds - Bromptonaut
