Government launches new savings bond

The government has launched its new Investment Guaranteed Growth Bond, offering a 'market-leading' rate of 2.2%.

12 Apr 2017

The government has launched a new savings bond, offering a ‘market-leading’ rate of 2.2%.

First announced in the 2016 Autumn Statement, the Investment Guaranteed Growth Bond (IGGB) is available to those aged 16 and over, and permits savers to invest between £100 and £3,000 at any time during the next 12 months.

The product is only available online: the government hopes that this will provide customers with a ‘simple way to apply for the bond and to manage their investment’.

Additionally, offering the bond online ‘reflects the changing nature of customer behaviour,’ the government stated. The IGGB can be purchased from the National Savings and Investments (NS&I) website.

Commenting on the launch of the IGGB, Simon Kirby, Economic Secretary to the Treasury, said: ‘From raising the ISA threshold to introducing the new Lifetime ISA, this government is committed to creating a nation of savers.

‘With its market-leading rate of 2.2%, the investment bond will provide a valuable boost for savers who have been affected by low interest rates.’

More information on the new savings bond can be found here.

Quick Links

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2018 Blue Spire Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Contact Chichester Office

Tel: +44 (0)1243 781234
Fax: +44 (0)1243 791770
Email: chichester@bluespiregroup.com


Contact Brighton Office

Tel: +44 (0)1273 739533
Fax: +44 (0)1273 732844
Email: brighton@bluespiregroup.com

Chichester Address
Cawley Priory, South Pallant, Chichester, West Sussex PO19 1SY

Brighton Address
5th Floor Intergen House, 65-67 Western Road, Hove, East Sussex BN3 2JQ

Blue Spire Limited is Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales C004152645. Professional indemnity insurance is provided by Royal & Sun Alliance Insurance Plc 9th Floor, One Plantation Place, 30 Fenchurch Street, London, EC3M 3BD and its territorial coverage is worldwide (excluding United States/Canada).
Blue Spire Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FSA register https://www.fca.org.uk/register reference 566257. This guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK