Guaranteed Growth Bonds (2024)

Applying for Guaranteed Growth Bonds

Before you apply

Please read the summary box and customer agreement (below).

What you'll need

• Your NS&I number (if you have one)
• Your address and date of birth
• Your UK bank account details registered to your current address
• Your UK debit card

If applying jointly, you’ll also need the following info from the second investor:

• Their NS&I number (if they have one)
• Their address and date of birth

What happens next

We’ll process your application and aim to open your account in 7-10 working days. If applying jointly, we’ll contact the second investor by post.

We'll need to check the identity and address of everyone named on the application. To do this, we may ask you to upload or send us some documents.

Documents that prove your identity and address

Summary box

Account name

NS&I Guaranteed Growth Bonds

What's the interest rate?

1-year term, Issue 79
4.50% gross/AER

3-year term, Issue 71
4.15% gross/AER

We calculate the interest daily and add it to your Bond on each anniversary of your investment.

Can NS&I change the interest rate?

You’ll receive the rate on offer at the time you start a new investment term, and that rate will be fixed for the length of your chosen term. We can change the fixed rates on offer at any time. Each time we change the rate on offer we release a new Issue of Bonds. We can also withdraw any Issue from sale without notice.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

1-year term, Issue 79
A £1,000 deposit would be worth £1,045.00 at the end of the 1-year term.

3-year term, Issue 71
A £1,000 deposit would be worth £1,129.74 at the end of the 3-year term.

These are illustrations only, so it doesn’t take into account your individual circ*mstances.

How do I open and manage my account?

Our Guaranteed Growth Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

• apply for, and manage, your Guaranteed Growth Bonds online only
• invest at least £500, paid by a debit card in your own name, issued by a UK bank
• invest up to a total of £1 million per person

If you want to switch to Guaranteed Growth Bonds from another NS&I account or investment, visit:

Downloads and forms

or

Call us

Can I withdraw money?

No, Guaranteed Growth Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

Additional information

We add your interest without deducting any tax. However, the interest is taxable so it will count towards your Personal Savings Allowance in the tax year that your Bond matures.

Find out more about tax and savings

We’ll send you a statement in April each year, showing the interest you’ve earned and your balance. You can choose to receive your statements electronically or by post.

Definitions

Gross is the taxable rate of interest without the deduction of UK Income Tax.

AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.

Summary box

Account name

NS&I Guaranteed Growth Bonds

What's the interest rate?

1-year term, Issue 79
4.50% gross/AER

3-year term, Issue 71
4.15% gross/AER

We calculate the interest daily and add it to your Bond on each anniversary of your investment.

Can NS&I change the interest rate?

You’ll receive the rate on offer at the time you start a new investment term, and that rate will be fixed for the length of your chosen term. We can change the fixed rates on offer at any time. Each time we change the rate on offer we release a new Issue of Bonds. We can also withdraw any Issue from sale without notice.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

1-year term, Issue 79
A £1,000 deposit would be worth £1,045.00 at the end of the 1-year term.

3-year term, Issue 71
A £1,000 deposit would be worth £1,129.74 at the end of the 3-year term.

These are illustrations only, so it doesn’t take into account your individual circ*mstances.

How do I open and manage my account?

Our Guaranteed Growth Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

• apply for, and manage, your Guaranteed Growth Bonds online only
• invest at least £500, paid by a debit card in your own name, issued by a UK bank
• invest up to a total of £1 million per person

If you want to switch to Guaranteed Growth Bonds from another NS&I account or investment, finish reading the information on this page and then use the button at the bottom.

Can I withdraw money?

No, Guaranteed Growth Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

Additional information

We add your interest without deducting any tax. However, the interest is taxable so it will count towards your Personal Savings Allowance.

Find out more about tax and savings

We’ll send you a statement in April each year, showing the interest you’ve earned and your balance. You can choose to receive your statements electronically or by post.

Definitions

Gross is the taxable rate of interest without the deduction of UK Income Tax.

AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.

Summary box

Account name

NS&I Guaranteed Growth Bonds

What's the interest rate?

3-year term, Issue 71

4.15% gross/AER

We calculate the interest daily and add it to your Bond on each anniversary of your investment.

Can NS&I change the interest rate?

You’ll receive the rate on offer at the time you start a new investment term, and that rate will be fixed for the length of your chosen term. We can change the fixed rates on offer at any time. Each time we change the rate on offer we release a new Issue of Bonds. We can also withdraw any Issue from sale without notice.

What would the estimated balance be at the end of the term based on a £1,000 deposit?

A £1,000 deposit would be worth £1,129.74 at the end of the 3-year term.

This is an illustration only, so it doesn’t take into account your individual circ*mstances. It assumes that you don’t make any withdrawals or additional deposits during the year.

How do I open and manage my account?

Our Guaranteed Growth Bonds are for customers aged 16 or over. You can invest in Bonds in your own name or jointly with one other person.

You can:

• apply for, and manage, your Guaranteed Growth Bonds online only
• invest at least £100, paid by a debit card in your own name, issued by a UK bank
• invest up to a total of £100,000 per person

If you want to switch to Guaranteed Growth Bonds from another NS&I account or investment, you’ll need to print and fill in our switching form before posting it back to us.

Switch to Guaranteed Growth Bonds

Or call us, and we’ll send you a form by post

Can I withdraw money?

No, Guaranteed Growth Bonds are a fixed term investment that has to be held for the full term. This means that you won’t be able to access your money until it matures.

We’ll contact you to let you know your options at least 30 days before your Bond matures.

Additional information

We add your interest without deducting any tax. However, the interest is taxable so it will count towards your Personal Savings Allowance.

Find out more about tax and savings

We’ll send you a statement in April each year, showing the interest you’ve earned and your balance. You can choose to receive your statements electronically or by post.

Definitions

Gross is the taxable rate of interest without the deduction of UK Income Tax.

AER (Annual Equivalent Rate) illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.

Top up by bank transfer

When you pay by bank transfer, you're confirming your bank account is a UK account in your name.

Reference:

You must enter your Guaranteed Growth Bonds account number (not your NS&I number) as the reference. You can find your account number on your statement or by logging in online.

Type of account:

Your bank may ask you what type of account you’re paying in to. Please select ‘business’.

Payee name:

NS&I

Account number:

11994808

Sort code:

08 31 35

Download these details

Please make sure you've set up your account before transferring money via your bank.

When you set up your payment, you may receive a message saying 'This account can't be checked' or something similar. This doesn't mean the details you are using are wrong but please check them carefully.

Topped up by bank transfer or standing order? You’ll be able to see the money in your account in 2-3 working days.

For more information on topping up by bank transfer see our FAQs

FAQs

Top up by debit card

Top up your Guaranteed Growth Bonds using your debit card

Top up your account