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Products With An Income

by Edward Smith

There are two products specifically designed to provide an income.

Type of account Minimum investment Access to your money Interest Other points
Pensioners bonds £500 60 days' notice and lose Fixed. Paid out as monthly income. Choice of term: 1, 2 or 5 years. Only for people aged 60 and over.
Income bonds £500 3 months' notice, or no notice and loss of 90 days' interest. Variable. Paid out as monthly income.  

Income Generating NS&I Products: http://www.fsa.gov.uk