National Savings
NATIONAL SAVINGS CAPITAL BONDS—NEW SERIES
Series U Capital Bonds will go on sale from 27th January 2000. Bonds held for five years will grow in value at a guaranteed rate each year as follows:
| Year 1 | 5.4% |
| Year 2 | 5.7% |
| Year 3 | 6.1% |
| Year 4 | 6.5% |
| Year 5 | 7.06% |
NATIONAL SAVINGS CHILDREN’S BONUS BONDS—NEW ISSUE
Issue R Children’s Bonus Bonds will go on sale from 27th January 2000. For the first five years each £25 unit will earn interest at 3.5% pa compound. On the fifth anniversary of purchase it also earns a bonus of £3.21 (12.84% of purchase price). At these rates a Bond will earn a tax-free return equal to 5.65% pa compound over the first five years.
FIXED RATE SAVINGS BONDS—NEW ISSUES
New Issues of Fixed Rate Savings Bonds will go on sale from 27th January 2000, as shown in the table below. The rate of interest earned by a Bond will be determined by its capital value at any time—the original investment plus any interest added to the Bond less any repayments. The rate is determined by whether the interest is paid monthly or at maturity. Interest is paid net of tax.
| Gross Annual Rates | |||
| Term | Capital value of Bond | Monthly interest option | Interest at maturity |
| 6 months | £500 to £19,999.99 | 5.7% | 5.85% |
| Issue 3 | £20,000 to £49,999.99 | 5.9% | 6.05% |
| £50,000 and above | 6.05% | 6.25% | |
| 1 year | £500 to £19,999.99 | 5.8% | 5.95% |
| Issue 2 | £20,000 to £49,999.99 | 6.0% | 6.2% |
| £50,000 and above | 6.25% | 6.45% | |
| 18 months | £500 to £19,999.99 | 5.9% | 6.05% |
| Issue 2 | £20,000 to £49,999.99 | 6.1% | 6.3% |
| £50,000 and above | 6.35% | 6.55% | |
| 3 years | £500 to £19,999.99 | 5.95% | 6.15% |
| Issue 2 | £20,000 to £49,999.99 | 6.2% | 6.4% |
| £50,000 and above | 6.45% | 6.65% |
NATIONAL SAVINGS PENSIONERS GUARANTEED INCOME BONDS 5-YEAR FIXED RATE TERM—NEW SERIES
Series 14 5-year Pensioners Guaranteed Income Bonds will go on sale from 27th January 2000. The interest rate, fixed and guaranteed for the first five years a Bond is held, is 6.0% pa. The interest is paid gross and is taxable.
NATIONAL SAVINGS PENSIONERS GUARANTEED INCOME BONDS 2-YEAR FIXED RATE TERM—NEW SERIES
Series 5 2-year Pensioners Guaranteed Income Bonds will go on sale from 27th January 2000. The interest rate, fixed and guaranteed for the first two years a Bond is held, is 6.2% pa. The interest is paid gross and is taxable.
NATIONAL SAVINGS INDIVIDUAL SAVINGS ACCOUNTS—NOTICE OF NEW INTEREST RATE
On and from 1st February 2000, the variable tax-free rate of interest payable on Individual Savings Accounts will be 6.0% per annum.
NATIONAL SAVINGS INVESTMENT ACCOUNTS—NOTICE OF NEW INTEREST RATES
On and from 10th February 2000, the variable gross rates of interest payable on Investment Accounts will be as follows:
| Balance in Account | Rate of Interest |
| up to £499.99 | 4.1% pa |
| £500 to £2,499.99 | 4.2% pa |
| £2,500 to £4,999.99 | 4.3% pa |
| £5,000 to £9,999.99 | 4.4% pa |
| £10,000 to £24,999.99 | 4.6% pa |
| £25,000 to £49,999.99 | 4.9% pa |
| £50,000 and above | 5.35% pa |
NATIONAL SAVINGS TREASURER’S ACCOUNTS—NOTICE OF NEW INTEREST RATES
On and from 10th February 2000, the variable gross rate of interest payable on Treasurer’s Accounts will be as follows:
| £10,000 to £24,999.99 | 4.6% pa |
| £25,000 to £99,999.99 | 4.9% pa |
| £100,000 and above | 5.35% pa |
5-YEAR FIXED INTEREST SAVINGS CERTIFICATES— NEW ISSUE
54th Issue 5-Year Savings Certificates, on sale from 27th January 2000, will grow in value at a guaranteed rate each year as follows:
| Year 1 | 4.1% |
| Year 2 | 4.2% |
| Year 3 | 4.4% |
| Year 4 | 4.6% |
| Year 5 | 5.21% |
2-YEAR FIXED INTEREST SAVINGS CERTIFICATES— NEW ISSUE
3rd Issue 2-Year Savings Certificates, on sale from 27th January 2000, will grow in value at a guaranteed rate each year as follows:
| Year 1 | 4.3% |
| Year 2 | 5.21% |
NATIONAL SAVINGS ORDINARY ACCOUNTS—NOTICE OF NEW INTEREST RATES
On and from 1st February 2000, the variable rates of interest payable on Ordinary Accounts will be as follows:
| Standard rate | 1.5% pa |
| Higher rate | 1.6% pa |
NEW GENERAL EXTENSION RATE
On and from 1st February 2000, the variable rate of interest for National Savings Certificates (including Yearly Plan Certificates) earning the General Extension Rate will be 2.85% pa tax-free.
NATIONAL SAVINGS INCOME BONDS—NOTICE OF NEW INTEREST RATE
On and from 9th March 2000, the variable “Treasury Rate” of interest payable on Income Bonds will be 5.75% pa gross. The bonus rate for bonds held under the same register number with a total capital value of at least £25,000 will be 0.25% pa gross.
NATIONAL SAVINGS DEPOSIT BONDS—NOTICE OF NEW INTEREST RATE
On and from 9th March 2000, the rate of interest payable on Deposit Bonds will be 4.8% pa gross.
PREMIUM SAVINGS BONDS—NOTICE OF NEW INTEREST RATE AND CHANGE TO SCALE OF PRIZES
On and from 1st May 2000, the rate of interest specified for determining the amount of the prize fund will be 4.0% pa. In respect of each prize draw there will be one prize for every 20,000 bond units eligible for inclusion in the draw. Issued by National Savings on behalf of the Treasury