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Insurance bonds better deal than National Savings

Guaranteed bonds issued by insurance companies currently offer better rates than National Savings "granny" bonds, according to a survey by Ilford based IFA Baronworth.

The survey found that for pensioners with £10,000 to save, National Savings one-year bond returned 5.75 per cent while a one-year guaranteed income bond by insurer AIG returned 6.26 per cent.

For savers wanting to tie up £10,000 for five years, Countryside Assured offered 6.29 per cent compared with 5.4 per cent from National Savings&#39.

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