{"id":80663,"date":"2017-04-11T06:33:53","date_gmt":"2017-04-11T06:33:53","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=2169039d63b89d6c65d75160b5189ca4"},"modified":"2017-04-11T06:33:53","modified_gmt":"2017-04-11T06:33:53","slug":"news-story-new-market-leading-bond-launches-today","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=80663","title":{"rendered":"News story: New market-leading bond launches today"},"content":{"rendered":"
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This new product gives people access to a market-leading rate of 2.2% for between \u00a3100 and \u00a33000 of their savings.<\/p>\n

In a move to support savers who have been affected by low interest rates, the Chancellor announced the market-leading product at Autumn Statement 2016<\/a>. The rate of 2.2%, fixed for three years, was confirmed at last month\u2019s Budget.<\/p>\n

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Find out more<\/a> about the bond<\/p>\n<\/div>\n

Economic Secretary to the Treasury, Simon Kirby said:<\/p>\n

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From raising the ISA threshold to introducing the new Lifetime ISA, this government is committed to creating a nation of savers.<\/p>\n

With its market-leading rate of 2.2%, the investment bond will provide a valuable boost for savers who have been affected by low interest rates.<\/p>\n<\/blockquote>\n

With the average 3 year fixed term product having a rate of 1.24%, the new offering is significantly higher than others currently on the market.<\/p>\n

In the decade before 2009, the average 1-year fixed term savings rate was 5.0%. But since then the average has been 1.9%, and is currently 0.6%.<\/p>\n

The product is provided by NS&I<\/a>, one of the largest savings organisations in the UK with 25 million customers, and is available to those aged 16 and over.<\/p>\n

It can only be purchased online to give customers a simple way to apply for the bond and to manage their investment. This also reflects the changing nature of customer behaviour as more money is deposited online with NS&I than via any other individual sales channels.<\/p>\n

The new NS&I product<\/a> comes on top of other actions the government has taken to support savers, including increasing the ISA allowance to \u00a320,000, introducing a new personal savings allowance that means that 98% of adults pay no savings tax and launching the Lifetime ISA to help younger people buy their first home and save for later in life.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New market-leading investment bond launched today by NS&I and will be on sale exclusively at nsandi.com for the next 12 months.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/80663"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80663"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/80663\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}