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NS&I withdraws Guaranteed Growth and Guaranteed Income Bonds

11th December 2009 Print

NS&I have announced it is withdrawing its 3-year and 5-year Guaranteed Growth Bonds and Guaranteed Income Bonds with immediate effect.

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. Due to the popularity of the 3-year and 5-year Issues, our sales targets for these Bonds were achieved more quickly than originally expected. NS&I confirms that there has been no change to its published Net Financing target of zero for 2009-10.

NS&I continues to offer a range of other savings and investments, including Income Bonds and Fixed Interest Savings Certificates.