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The Accountants for Growth

65+ Guaranteed Growth Bonds

65+ Guaranteed Growth Bonds

Here's what you need to know about 65+ Guaranteed Growth Bonds:

What are they?

  • Lump sum investments that earn a fixed rate of interest either over a 1-year and 3-year period
  • Designed to be held for their full term
  • If cashed in before the end of the term, there will be a penalty
  • On the anniversary of your investment, interest is credited with basic rate tax taken off

How much can I invest?

  • Minimum investment of £500 up to a maximum of £10,000 in each one

Can I have more than one bond?

  • You can buy more than one Bond, as long as the total amount you invest in each term isn’t more than £10,000

Can I invest jointly?

  • You can combine your full allowance with another person aged 65 or over
  • This means you can invest up to £20,000 between you in each issue of each term

What if I change my mind?

  • There is no right to cancel as 65+ Guaranteed Growth
  • Bonds are fixed rate investments with a set term

How is interest paid?

  • Interest is earned from the day of your application and payment
  • Interest is calculated on the daily balance held in your Bond, at the fixed rate on offer when you invested

When will interest be paid?

  • For a 1-year terms the interest is added to your bond when it matures
  • For a 3-year terms the interest is added to your bond on each anniversary therefore giving you the benefit of compound interest


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The information provided in all of our blogs reflects only a narrative of some elements to consider on the topic. The blogs do not contain considered legal or accounting advice and should not be relied upon as advice. Please see our website's terms and conditions for full details of our disclaimer. If you are interested in obtaining advice, please contact us and one of our accountants will be happy and able to advise you on your own particular circumstances.

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