NS&I withdraws its guaranteed growth and guaranteed income bond issues from sale

11 December 2009

· NS&I's 3-year and 5-year Issues of its Guaranteed Growth Bonds and Guaranteed Income Bonds are no longer on sale

· NS&I continues to offer a range of other savings and investments, including Income Bonds and Fixed Interest Savings Certificates

NS&I today announced it is withdrawing its 3-year and 5-year Guaranteed Growth Bonds and Guaranteed Income Bonds with immediate effect.

These changes come into effect as a consequence of NS&I's regular review of its product offerings and interest rates, to ensure NS&I continues to balance the interests of savers, the taxpayer and the stability of the wider financial services marketplace. Due to the popularity of the 3-year and 5-year Issues, our sales targets for these Bonds were achieved more quickly than originally expected. NS&I confirms that there has been no change to its published Net Financing target of zero for 2009–10.

NS&I continues to offer a range of other savings and investments, including Income Bonds and Fixed Interest Savings Certificates.

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