The Chancellor Philip Hammond has announced a new three-year Government-backed investment bond open to everyone aged 16 or over in today's Autumn Statement. The bond will launch in spring 2017.
Savers aged 65 and over now have until 15 May to deposit money into Pensioner Bonds, as the Government has announced it's extending the scheme past its original £10 billion allocation.
Savers with fixed-rate bonds to give them better returns on their money could end up losing cash due to confusing variations over what happens when the deals end.
26 September 2012
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