This week new National Savings and Investments bonds for people aged 65 or over were launched – which give people who have worked hard and saved the certainty and security of a good return on their investment.
Mims Davies said, “It’s brilliant news for pensioners in Eastleigh who have worked hard in securing a more comfortable future for themselves.”
The new bonds for people aged 65 and over will offer market-leading rates and support people who rely on their savings in retirement. Two bonds are now being formally launched:
- A one year bond will offer returns of 2.8 per cent gross/AER interest,
- A three year bond will pay 4 per cent gross/AER interest.
£10 billion has been made available to allow these bonds to be issued – this should ensure these bonds are on the market for a period of months, giving those pensioners who wish to take advantage of the rates plenty of time to do so.
Mims Davies said, “A key part of our long-term economic plan is to support savers and boost hardworking peoples’ financial security at all stages of life. The Chancellor came to Botley to annouce these excellent bonds which will benefit those who have worked hard all their lives and have saved prudently for a rainy day. "
“That’s why we’ve introduced these innovative government-backed savings bonds for people aged 65 and over that pay the best interest rates in the market. They have already been a huge success and because this is the biggest ever retail bond offer, these bonds will be available for many months.”
She added, “It’s really time that savers were rewarded and these bonds do that by giving older savers the comfort of a good return over the life of their investment.”
Promoted by Judy Jamieson on behalf of Mims Davies both of Eastleigh Conservatives, The Hill, Upper Northam Close, Hedge End, Southampton S030 4BB