Are your Pensioner Bonds due to mature?

Good rates when they were introduced last year.
Appears they were a gimmick not to be repeated.



http://www.saga.co.uk/magazine/money...y%20Newsletter

Re: Are your Pensioner Bonds due to mature?

Mine have already matured and are now in the bank accumulating minimal interest.

Re: Are your Pensioner Bonds due to mature?

Yes, ours will mature in May at 2.9%
But we have £20,000 to mature in another 2 years as they were the 3 year ones at 3%.
I hope we live that long so as to get our grubby little hands back on our own cash!

Re: Are your Pensioner Bonds due to mature?

Here in America we have the 401k plan. Employer takes money on a monthly basis from your salary and applies it to the stock market.We decide the amount to be taken out and to what stocks. Stock broker hired by our company handles our funds. I have been with the same company now for 28 years. Market has been somewhat strong, so I can honestly say that I have a pretty penny

Re: Are your Pensioner Bonds due to mature?

Good on you eoap.
Over here we did have a scheme where you saved for 5 years in a company that you worked for. at the end of the period you could cash in the shares .
I think you bought the shares at the going rate at the commencement of the contract and that was what you paid throughout.
when you came to the end of 5 years you sold at the present day rate.
I never worked for a company that offered that facility and I have no idea what schemes are in place today, if any.

Re: Are your Pensioner Bonds due to mature?

Mine's tucked away for another 2 years.

Another old savings scheme matured recently, (that is, they advised me to draw it out before it went right down). It would have been better to put it into NS&I Index-linked bonds at the time but you only find that out in retrospect. Now I'm just wondering where to put it for a few months until my kitchen's done.

Re: Are your Pensioner Bonds due to mature?

The 401k plan are now being offered by most companies and we pay no taxes on the money. What we get for social security is very little for what we put in all these years. This plan is a second option for our retirement. During the course of the plan, you are not allowed to withdraw money for any reason. So it forces you to save. One of the reasons why most plans don't work is people always need money one way or another and overtime they withdraw money from wherever they can. With this plan your money is always there.

Re: Are your Pensioner Bonds due to mature?

And does it keep pace with inflation?

Re: Are your Pensioner Bonds due to mature?

I thought the reason why most plans don't work is that people don't take the money out in time. You have to leave it in for a few years to start with, otherwise there's no point in having a plan, then there is an optimum time to withdraw the money, and then they start dwindling away to nothing.

Re: Are your Pensioner Bonds due to mature?

Have you considered premium bonds Lila?