The government's new bonds for the over 65s have seen the biggest opening sales of any retail financial product in Britain's modern history, after more than 110,000 customers invested in the products, National Savings & Investments (NS&I) has said.
The company, which is the sole distributer of the government's new market-leading bonds - officially called 65+ Guaranteed Growth Bonds - said it sold more than £1bn of its £10bn target in the first two days of trading. The record sales were achieved despite early problems with the NS&I website, the bonds' main sales channel, which had processed some 94,000 transactions. NS&I said it continued to see strong demand for the products but expected the bonds to be on sale "for months not weeks", contrary to some industry figures, who argued they will be snapped up within weeks. A spokes...
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