Pensioners who have seen their savings hit by low interest rates have been offered a lifeline by the Government.
It announced yesterday that it is to offer over-65s a new account with bumper interest rates.
The pensioner bonds will pay a far higher return than anything available on the High Street – 2.8 per cent on one-year bonds and 4 per cent for those able to invest their cash for three years. That is double the best rates offered by major banks.
Read more: http://www.dailymail.co.uk/news/article-2871832/One-million-65s-set-new-pensioner-bonds-offering-4-returns-10-000.html#ixzz3LlLjyef6