National Savings
The following 2 sections of a National Savings notice appeared incorrectly on 4th November 1998, on page 11959 of The London Gazette. The correct sections appear below.
Fixed Interest National Savings Certificates—New Issue
47th Issue Savings Certificates go on sale from 16th October 1998. They will grow in value at a guaranteed rate each year as follows: Year 1—3.6 per cent, Year 2—3.75 per cent, Year 3—4 per cent, Year 4—4.2 per cent and Year 5—4.46 per cent. If a Certificate is held for 5 years, these rates will give a tax-free and guaranteed return equal to 4 per cent per annum compound.
National Savings Pensioners Guaranteed Income Bonds—New Series
Series 6 Pensioners Guaranteed Income Bonds will go on sale from 16th October 1998. The interest rate, fixed and guaranteed for the first 5 years a Bond is held, is 5 per cent per annum. The interest is paid gross and is taxable.