National Savings
National Savings and Investments
2-YEAR FIXED INTEREST NATIONAL SAVINGS CERTIFICATES—NEW ISSUE
22nd Issue 2-year Fixed Interest Savings Certificates went on sale on 22 October 2003. A Certificate will grow in value at a guaranteed rate each year as follows:
| Year 1 | 2.80% |
| Year 2 | 2.91% |
5-YEAR FIXED INTEREST NATIONAL SAVINGS CERTIFICATES—NEW ISSUE
72nd Issue 5-year Fixed Interest Savings Certificates went on sale on 22 October 2003. A Certificate will grow in value at a guaranteed rate each year as follows:
| Year 1 | 2.80% |
| Year 2 | 2.90% |
| Year 3 | 3.10% |
| Year 4 | 3.30% |
| Year 5 | 3.66% |
NATIONAL SAVINGS AND INVESTMENTS FIXED RATE SAVINGS BONDS—NEW ISSUES
New Issues of Fixed Rate Savings Bonds went on sale on 22 October 2003 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.
| Term | Capital value | Gross Annual Rates | |
| of Bond | Monthly interest | Annual interest | |
| option | option | ||
| 1-year | £500 to £19,999.99 | 3.30% | 3.35% |
| Issue 23 | £20,000 to £49,999.99 | 3.40% | 3.50% |
| £50,000 and above | 3.60% | 3.70% | |
| 3-year | £500 to £19,999.99 | 3.65% | 3.75% |
| Issue 16 | £20,000 to £49,999.99 | 3.80% | 3.90% |
| £50,000 and above | 4.00% | 4.10% | |
| 5-year | £500 to £19,999.99 | 3.90% | 4.00% |
| Issue 14 | £20,000 to £49,999.99 | 4.05% | 4.15% |
| £50,000 and above | 4.25% | 4.35% |
NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 1-YEAR TERM—NEW SERIES
Series 20 1-year Pensioners Guaranteed Income Bonds went on sale on 22 October 2003. The interest rate, fixed and guaranteed for the first year a Bond is held, is 3.60% pa gross. The interest is paid gross and is taxable.
NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 2-YEAR TERM—NEW SERIES
Series 26 2-year Pensioners Guaranteed Income Bonds went on sale on 22 October 2003. The interest rate, fixed and guaranteed for the first two years a Bond is held, is 3.80% pa gross. The interest is paid gross and is taxable.
NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 5-YEAR TERM—NEW SERIES
Series 35 5-year Pensioners Guaranteed Income Bonds went on sale on 22 October 2003. The interest rate, fixed and guaranteed for the first five years a Bond is held, is 4.20% pa gross, The interest is paid gross and is taxable.
NATIONAL SAVINGS AND INVESTMENTS CHILDREN’S BONUS BONDS—NEW ISSUE
Issue 10 Children’s Bonus Bonds went on sale on 22 October 2003. For the first five years each £25 unit will earn interest at 2.50% pa compound. On the fifth anniversary of purchase it also earns a bonus of £2.13 (8.52% of purchase price). At these rates a Bond will earn a tax-free return equal to 4.00% pa compound over the first five years.
NATIONAL SAVINGS AND INVESTMENTS CAPITAL BONDS—NEW SERIES
Series 14 Capital Bonds went on sale on 22 October 2003. A Bond will grow in value at a guaranteed gross rate each year as follows:
| Year 1 | 3.70% |
| Year 2 | 4.00% |
| Year 3 | 4.30% |
| Year 4 | 4.60% |
| Year 5 | 4.91% |