NS&I Fixed-Rate Bonds - The best place to save your money?

In this extract from episode 429 of the Money to the Masses podcast (recorded on 1st September 2023) I discuss NS&I's new fixed-rate bonds, their market-leading interest rates and why those with substantial sums of money in cash will be particularly interested.
Check out the full podcast episode 429 below: moneytothemass...
*All accounts and rates quoted are correct at date of filming (1st September 2023).
Read our full article, "NS&I offers interest rates over 6% for 1-year fixed-rate bonds" - moneytothemass...
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For the latest, best rates, check out our regularly updated article below:
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Check out our latest 'Savings Best Buy Tables' by clicking the link below: moneytothemass...
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To find out how you can earn up to £6,000 in interest without paying any tax, check out our article below:
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To find out how you can boost your interest without locking all your money away, check out our article explaining cash savings ladders - moneytothemass...
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To find out more about shared banking licences and what to look out for, click the link below:
www.fscs.org.u...
#savings #savingsaccount #interestrates
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[@Moneytothemasses]

Unfortunately, this product has now been pulled. See article from the Money to the Masses website for more info - moneytothemasses.com/news/nsi-pulls-1-year-bonds-with-over-6-interest-how-to-get-the-best-rate

[@josephmcconnell8905]

How long do you have to make the deposits? Two weeks or a month?

[@Moneytothemasses]

Hi Joseph,
How long you have to deposit money into the account and how many deposits you wish to make varies depending on the type of account you choose to open with NS&I. With NS&I guaranteed growth bonds, the money will need to be available in order to open the account and a minimum of £500 is required. No further deposits can be made into the same bond and an additional bond will need to be opened if you want to deposit more money. Additional information can be found on the NS&I website www.nsandi.com/products/guaranteed-growth-bonds

[@user-hc2yk5oj3h]

CAN YOU TELL ME BEST ACCOUNT FOR NON RESIDENT BRITISH EXPAT

[@ScottiStudios]

Who are you talking to?

[@Moneytothemasses]

LOL - my podcast co-host Andy who is off-screen. This is a snippet from the full podcast episode 429

[@captchaos6870]

6% is really pitiful, doesn't even cover inflation by half.

[@Moneytothemasses]

technically inflation is only at 4% right now.