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. |
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