NS&I update Guaranteed Growth and Income Bond ranges

NS&I have announced changes to its Guaranteed Growth Bonds and Guaranteed Income Bonds. With immediate effect the 1 and 2-year Issues of these Bonds are no longer on sale.

These changes come into effect as a consequence of NS&I's regular review of its product offerings and interest rates, to ensure NS&I continues to balance the interests of savers, the taxpayer and the stability of the wider financial services marketplace.  

John Prout, Director of Customer Sales and Retention, NS&I, said: "We always forecast a likely sales volume for our savings products, however due to the popularity of the 1 and 2- year Issues, we have achieved our sales target more quickly than anticipated. We have therefore taken these Issues off sale."

The 3 and 5-year terms of the Guaranteed Growth Bonds and Guaranteed Income Bonds are still on sale, and continue to offer attractive rates. Additionally, NS&I still has a range of other similar savings products, including Income Bonds and Fixed Interest Savings Certificates.