Ns I Income Bond Key Features

They re offered by national savings investment ns i which instead of interest offer the chance to win tax free cash prizes.

Ns i income bond key features. Are the winning premium bonds the ones bought most recently. Since the current market rate of interest is prevailing at a lower rate he cannot buy any other bond which will fetch him an income of rs. Before your clients decide please ask them to read the summary box and the key features leaflet including the customer agreement. The yield is the rate of return received from.

Income bond faqs why hasn t my balance updated. You invest your cash for a fixed term and are guaranteed an income on your savings as the rate will be fixed for the duration of the term. If you opened your account by debit card between the 20th of a month and the 5th of the following month your deposit won t show in your balance until the next banking day after the 5th. For details of options at maturity for existing customers please click on the learn more at ns i button below and scroll down to the renewing your bond section.

For each 1 invested you ll get a unique bond number so if you save 500 you ll get 500 bond numbers and 500 chances to win a. Key features leaflet renewing your bond we currently offer issues which are only available to customers who are renewing a maturing bond. Around a month before the end of your chosen term we ll contact you to explain the. An income bond is a type of debt security in which only the face value of the bond is promised to be paid to the investor with any coupon payments being paid only if the issuing.

Ns i offers a number of taxable savings options which means you ll be liable to pay income tax on returns. For some accounts although the interest is taxable it s paid without the tax taken off. Ns i will use the reference number quoted on the page as an fca firm reference number for ns i purposes. Ns i guaranteed income bonds are much like a fixed term bond saving account offered by many banks.

The bond holder is on the losing side because he gets the return of the principal amount earlier than he expected. They are not on general sale. Each 1 bond number has an equal chance of winning regardless of when or where it was bought.