The Chancellor had been expected to confirm the interest rates to be offered on Pensioners Bonds in the Autumn Statement – instead the rates will be announced on Friday 12th December.
In the Budget, he had suggested market-beating rates of 2.8% for one year and 4% for three years. The overall allocation for the bonds is only £10 billion with a maximum of £10,000 per person in each bond, and demand is expected to be high.
We suggest everyone interested in these bonds registers their interest now at the National Savings & Investments website so that they can obtain an application form as soon as this becomes available.