Just a reminder that the new Government Pensioner Bonds go on sale in January.
If you are eligible or know someone who is, they may be worth considering.
According to Savingschampion.co.uk “The rates are head and shoulders above the nearest competition, paying 51% more than the average ‘top five’ one year fixed rate and 61% more than the average ‘top five’ three year fixed rate”.
So whether for you, your parents or even grandparents these bonds are worth a look. Minimum investment is £500 and the maximum for couples investing in both types of bond is £40,000.
The one big possible downside is a limit on the amount available. You can register for an e-mail update as to when they go on sale. The Independent recommends either phone or online application, postal delays could lead to missing out as they will be sold on a first come first served basis.
The National Savings website can be accessed here
With very best wishes for Christmas and a prosperous New Year
The Grugeon Reynolds Team