No worries. Happy to help, whatever the location
We don’t use the word “guaranteed” as we are not allowed to, I’m sure you understand. However, we have done a LOT to mitigate the risk to you by offering the trust programme alongside the other protections and the work we have done to negotiate the bonds in the first place.
That trust, where we put a matching amount for each issuance, will be in place for the first £1m of bonds. That could be sold in 2 months or across 1 year, depending on demand, but you will know what we are offering whenever you decide to buy.
At the moment we are selling you bonds that have fixed 5% interest and run for 12 months. This agreement is for this investment and doesn’t change.
Assuming these are still on offer in September, then you could buy this amount again and THOSE bonds would start their own 12 month cycle and would have their own fixed interest no matter what you do with the first purchase. Each purchase is separate.
At the end of 12 months the bond matures and that money goes back into your savings account and you then choose what you want to do with it depending on the options available at the time. Your outstanding bonds are not affected.
Does that explain it?