Pensioner government Bonds

KjillNN has explained a lot, my info came from the Telegraph which as KjillNN states must be giving the wrong impression . But thanks for your input brue, mine is a 3year bond.

News reporter's adage. Never let the facts get in the way of a good story.

Hostahousey the three year bond will no doubt change at the end of it's investment span. You just need to be pro-active if you don't want your one year bond money re-invested automatically. Check the best rates going on other saving schemes, looking at the tax free ones first.

Best rates at the moment are on current accounts.  We have stopped using ISAs .

ISAs still help to reduce the tax bill.

ISAs still help to reduce the tax bill.

In future, only if you have so much saved that you will exceed the tax free interest allowance.  Even then, the rate after tax in a current account may well be better than any ISA.

Good suggestions here........

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=1.106752775.584307436.1342566226#currentaccount

ISAs still help to reduce the tax bill.

In future, only if you have so much saved that you will exceed the tax free interest allowance.  Even then, the rate after tax in a current account may well be better than any ISA.

Good suggestions here........

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=1.106752775.584307436.1342566226#currentaccount

Stocks and Shares ISA ?  Current FTSE 100 yield 4.08% - this is not advice !

Just been doing sums oursleves and current account interest beats ISA interest even after taking tax into account.  No tying your money up for any length of time, always instant scces should you require OR EVEN BETTER should a decent rate come along out of the blue

Some of the advisors on this forum may not be registered with the FCA. Check before use.

Some of the advisors on this forum may not be registered with the FCA. Check before use.

Or ALL

Always best to find things for yourself, so many different permutations with money! But people have also been helpful on here too.