AS14: Pensioner bond rates to be confirmed next week

Chancellor George Osborne confirmed in his Autumn Statment the government will launch two fixed-rate "market leading" savings bonds for people aged 65 and over from January 2015. The bonds, dubbed 'pensioner bonds', were announced by the government in its March Budget, explicity for savers aged 65 and over, and available from National Savings & Investments (NS&I) from January. Bondholders will be able to save up to £10,000, with generous rates of interest of 2.8% over one year and 4% over three years being initially mooted. NS&I will take a maximum of £10bn into the bonds, benefiti...