New Pensioner Bonds Offer Attractive Rates

PERSPECTIVES: Pensioners should act now if they want to take advantage of these attractive savings rates, says Sue Hannums of Savingschampion.co.uk

SavingsChampion.co.uk 15 January, 2015 | 11:02AM
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Morningstar's "Perspectives" series features investment insights from selected third-party contributors. Here, Susan Hannums, director at independent savings advice site Savingschampion.co.uk, gives the low-down on the government's new pensioner bonds.

The long awaited, highly competitive pensioner bonds are finally available. The rates continue to offer excellent value, currently paying 53% more than the average of the top five one-year bond rates, and 62% more than the average of the top five three-year fixed rates.

Those able to take advantage should. The bonds are head and shoulders above the nearest competition and even allow access to the funds within the term.

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SavingsChampion.co.uk  is dedicated to savers and savings accounts with the aim of producing a straight talking and simple to use site that is totally independent, completely unbiased and whole of the market