It is Not Too Late to Buy a Pensioner Bond

It is not too late to earn 4% on your savings for the over 65s. We reveal which pensioner bond is the best place to put your cash - and what the rest of the market has to offer

Emma Wall 4 February, 2015 | 4:39PM
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Pensioner bonds took in £1 billion in just two days when they were launched last month – but despite their popularity, savings provider National Savings & Investments says the bonds are still open to new customers.

The fixed-rate savings bonds are among the best paying on the market, and were launched to make up for the paltry returns savers currently receive on cash. The elderly in particular have been hit hard by falling interest rates, as many rely on interest to provide them an income in retirement.

The three year bond pays an annual interest rate of 4%, and the one year bond pays 2.8%. There is a minimum deposit of £500 and a maximum of £10,000.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Emma Wall  is former Senior International Editor for Morningstar