Children’s Bonds Print
Children’s Bonds for children under the age of 16 are no longer on general sale, and since 26 April 2018, maturing bonds can no longer be reinvested. The Bonds will yield 2.0% per annum over the 5-year term of the bond. There is no terminal bonus. If encashment is made before the end of the 5-year-term there will be a penalty equivalent to 90 days’ interest on the amount encashed. The interest is tax-free. The current issue 37 was withdrawn form sale on 26 April 2018, so all Children’s Bonds will have matured by 26 April 2023.