Three alternatives to pensioner bonds for your savings

From Isas to higher-rate bonds and select current accounts, how you can beat the new 1.45 per cent pensioner bond payouts

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When the government’s National Savings & Investments (NS&I) launched Pensioner Bonds last January there was pandemonium. These accounts aimed at the over 65s offered such good interest rates that the NS&I website crashed and the phone lines were engaged solidly for 24 hours.

Now, the one-year bond has matured. Anyone who hasn’t moved their money will be earning 1.45 per cent - a steep drop from the original market-leading 2.8 per cent. So, what should you do with your cash?

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