Pensioner Bonds.

15th December 2014

Jonathan Watts-Lay, Director, WEALTH at work comments on the Chancellor’s recent announcement that the government’s 65 plus bonds will pay savers the best available interest rates.

Watts-Lay comments “I think these will be sold out in a nanosecond.  Anyone who wants cash savings would be crazy not to go for these – except those who want an instant monthly income, because this isn’t going to work for them.”

Watts-Lay continues “There is an element here that feels a bit cynical.  These bonds were designed because cash savers couldn’t get a good rate with building societies because of low interest rates.  But these aren’t going to help savers who need to supplement their income in the short term either.”

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