Does anyone know if the new proposed 1% interest bond will be issued? I received a message that following the last issue of the 5% interest bonds this year they will no longer be issued due to the excessive administrative burden for dozens. However, I have heard no further details since receiving that email.
Hi @gsra99dozens The 1% product is still in development and we’ll be issuing more information about it in 2022.
Just to confirm that this is not a Bond - it will be designed so that customers put up to £5,200 away and receive 1% per annum in return - so there won’t be any bidding process like the 5% Bonds in the past - and this will equate to a potential earning of £1 a week.
Hope to have some more information on the Community about this and release dates soon.