Bond will reward retired pensioners in Waveney
PUBLISHED: 15:00 12 February 2015
Archant Norfolk © 2014
A new pensioners bond will reward savers in Waveney in their retirement, an MP has said.
Waveney MP Peter Aldous has welcomed the launch of a new National Savings and Investments Bond for pensioners.
The new bonds for people aged 65 and over will offer market-leading rates and support people who rely on their savings in retirement.
The two bonds being launched are a one-year bond, which will offer returns of 2.8 per cent gross/AER interest, while a three-year bond will pay four per cent gross/AER interest.
Mr Aldous said: “A key part of the long-term economic plan is to support savers and boost hard-working peoples’ financial security at all stages of life.
“That’s why the government have introduced 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.
“This is great news for pensioners in Waveney.
“It’s time savers were rewarded and these bonds do that by giving older savers the certainty and comfort of a good return over the life of their investment.”