NS&I Revision Sheet

Question 1

Children’s bond

Answer 1

Criteria:
Individuals over 16, for
under 16’s Maximum 5-year term,
Annual interest added at bond anniversary

Min: £25
Max: £3000

Access -
Fixed interest rates over 5-year term
90 days’ notice for encashments. other loss of interest
No new investment since 25th April 2018

Question 2

Fixed Interest Savings Certificates

Answer 2

Criteria: Individuals 16+/Trustees
2 & 5 year terms available

Min: £100
Max: Originally £15,000 per issue, can reinvest full value of exiting certificate at its maturity

Access -
Guaranteed fixed interest rate
No interest if repaid in first year
90 days’ notice for encashments
other loss of interest
Only available to existing investors
re-investing. Not available to new
investors.

Question 3

Index linked Savings Certificates

Answer 3

Criteria: Individuals 16+/Trustees
2, 3 and 5 year terms available

Min: £100
Max: Originally £15,000 per issue, can reinvest full value of exiting certificate at its maturity

Access -
Return based on fixed interest rate + RPI changes
No interest if repaid in first year
90 days’ notice for encashments
other loss of interest
Only available to existing investors
re-investing. Not available to new
investors.

Question 4

ISA - Direct

Answer 4

Criteria: Minimum age 16 UK resident/ordinarily resident

Min: £1
Max: £20,000

Access -
Variable interest rates
Easy access

Question 5

Junior ISA

Answer 5

Criteria: Maximum age 18 UK resident/ordinarily resident

Min: £1
Max: £9,000

Access -
Variable interest rates
Usual JISA rules

Question 6

Premium bonds

Answer 6

Criteria: Minimum age 16 if effecting in own name
Anyone aged over 16 can gift Premium Bonds to
children, but the Premium Bonds will still
be managed by the child’s nominated parent
or guardian until the child is 16.

Min: £25
Max: £50,000

Access -
Prizes from £25 to £1 million
Monthly draw

Question 7

Direct Saver

Answer 7

Criteria: Aged 16+ Individual or joint

Min £1
Max: £2,000,000 sole, £4,000,000 joint

Access -
Interest paid gross but taxable
Managed by phone or online

Question 8

Income Bond

Answer 8

Criteria: Individuals aged 16+ / Trustees. Individual or joint

Min: £500
Max: £1,000,000 sole, £2,000,000 joint

Access -
Variable, tiered rate of interest
No withdrawal notice/penalties
Interest paid gross

Question 9

Investment Account

Answer 9

Criteria: Individuals aged 16+ / Trustees. Individual or joint

Min: £20
Max: £1,000,000 sole, £2,000,000 joint

Access -
No notice and no penalties
Interest paid gross but taxable