Investment Bond launched
National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond. The main details of the Bond are as follows:
- minimum deposit of £100
- balances on the account must be between £100 - £3000
- applications can only be made online and up to April 2018
- applicants must be aged 16+ years
- fixed interest rate of 2.2% for three years paid yearly and without tax deduction
- early withdrawals incur a penalty equal to 90 days’ interest on the amount cashed in.
According to Moneyfacts, the NS&I offering is a market leader on the interest rate with similar three-year fixed term bonds having an average interest rate of 1.24%. Competitors’ minimum investment thresholds are generally higher, typically starting upwards from £1,000 and caps on the maximum capital invested are significantly higher than the NS&I limit of £3,000.
Being immersed in the nitty gritty of tax? Talk to Simon Boxall at Ward Williams who can help with some thorny subjects such as should I let my property furnished or unfurnished? Or when should I do maintenance work?Jeremy Wasden, Director at Belvoir Lettings Uxbridge
Because services have always been reliable and questions are answered and advice given promptly.Ian Macdonald, Macdonald Associates Consultancy
A high level of dedicated personal service and ability to find and recommend solutions and complex questions.Bruce Todd, InCompass International Consultancy Services Ltd.
I have always found Ward Williams team to be responsive and helpful to any questions for advice.Ann Tomsett
We have had a long successful working relationship with Ward Williams over many years.David Warwick, MASDAR (UK) Limited.
Knowledgeable and informative advice. Trustworthy and competent. Very friendly likeable staff. Completely Satisfied.Mrs Ingrid Klinkhamer
I am extremely happy with the service provided and would try to recommend Ward Williams at every opportunity.Michelle McIntyre, Airboe Components Limited.
I have enjoyed a long relationship with Ward Williams and have found you to be very competent at what you do!Bryan Lewis, Media On Demand
To date I have been very satisfied with the service providedDavid Hawkins, Cane Bay PTY Ltd.
Excellent service both personally and as a business.Guy Hewitt, Angelo European Trading (UK) Ltd.
Ward Williams supported my business since shortly after its inception. Phil, Ming and Jamie respond constructively and promptly to any queries that I may have and my dealings with the other staff are always friendly and courteous.Madeline McGill, Senior Executive Selection Coaching & Development Ltd.
Great service from great people. Moving our business to Ward Williams was one of our better decisions.John Yeomans, Champagne Food Ltd.
Friendly, efficient and professional service.Irene Reid, Domains Lettings Ltd.