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Granny Bond
(redirected from granny bonds)

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Granny Bond
A savings bond with an interest rate linked to an index such that the return stays ahead of inflation. This is useful for people on fixed incomes who otherwise might suffer from an inflation tax; that is, they may otherwise see their savings decrease in real value. It is available in the United Kingdom to people over retirement age.
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She has pounds 5000 in her five-year fixed-rate Granny Bonds and she gets pounds 18 a month interest.
THE SAVINGS DILEMMA; Are Premium Bond prizes a surefire winner or ... by Daily Record (Glasgow, Scotland)
Originally they were only available to people older than 59, and known as Granny Bonds.
An inflation buster that could earn you 9.33% by guardian.co.uk / guardian.co.uk
I invested my redundancy money in Granny Bonds and, in those days, got about pounds 150 per month in interest.
Voice Of Scotland; WIDENING THE POVERTY GAP by Daily Record (Glasgow, Scotland)
 
 
 
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