The New Pensioner Bonds
Category: retirement & savings & Uncategorized
The Pensioner Bonds were a Budget promise from the Chancellor, following lobbying from charities. They argued that pensioners who had relied on the income generated from their life savings were particularly hard hit by more than five years of record low interest rates. The one-year bond will pay an annual interest rate of 2.8%, and the three-year bonds will pay 4%.