National Savings and Investments

NATIONAL SAVINGS AND INVESTMENTS CAPITAL BONDS—NEW SERIES

Series 22 Capital Bonds went on sale on 21 April 2005. A Bond will grow in value at a guaranteed gross rate each year as follows: Year 1  3.75% Year 2  4.05% Year 3  4.35% Year 4  4.65% Year 5  4.96% If a Bond is held for 5 years, these rates will give a guaranteed return equal to 4.35% pa compound. The interest is credited gross and is taxable.

NATIONAL SAVINGS AND INVESTMENTS CHILDREN’S BONUS BONDS—NEW ISSUE

Issue 18 Children’s Bonus Bonds went on sale on 21 April 2005. For the first 5 years each £25 unit will earn interest at 3.00% pa compound. On the 5th Anniversary of purchase it also earns a bonus of £1.59 (6.36% of purchase price). At these rates a Bond will earn a tax-free return equal to 4.10% pa compound over the first 5 years.

NATIONAL SAVINGS AND INVESTMENTS FIXED RATE SAVINGS BONDS—NEW ISSUES

New Issues of Fixed Rate Savings Bonds went on sale on 21 April 2005 as shown in the table below. The rate of interest earned by a Bond will be determined by its capital value at any time—the original investment plus any interest added to the Bond less any repayments. The rate is determined by whether the interest is paid monthly or at maturity. Interest is paid net of tax.

Term	Capital value of Bond	Gross Annual Rates
Monthly Interest option	Annual Interest option
1-year	£500 to £19,999.99	3.85%	3.95%
Issue 30	£20,000 to £49,999.99	4.00%	4.10%
£50,000 and above	4.20%	4.30%
3-year	£500 to £19,999.99	3.95%	4.05%
Issue 24	£20,000 to £49,999.99	4.10%	4.20%
£50,000 and above	4.30%	4.40%
5-year	£500 to £19,999.99	4.00%	4.10%
Issue 22	£20,000 to £49,999.99	4.15%	4.25%
£50,000 and above	4.35%	4.45%

NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 1-YEAR TERM—NEW SERIES

Series 28 1-year Pensioners Guaranteed Income Bonds went on sale on 21 April 2005. The interest rate, fixed and guaranteed for the first year a Bond is held, is 4.20% pa gross. The interest is paid gross and is taxable.

NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 2-YEAR TERM—NEW SERIES

Series 34 2-year Pensioners Guaranteed Income Bonds went on sale on 21 April 2005. The interest rate, fixed and guaranteed for the first 2 years a Bond is held, is 4.25% pa gross. The interest is paid gross and is taxable.

NATIONAL SAVINGS AND INVESTMENTS PENSIONERS GUARANTEED INCOME BONDS 5-YEAR TERM—NEW SERIES

Series 43 5-year Pensioners Guaranteed Income Bonds went on sale on 21 April 2005. The interest rate, fixed and guaranteed for the first 5 years a Bond is held, is 4.25% pa gross. The interest is paid gross and is taxable. Issued by National Savings and Investments on behalf of the Treasury