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NS&I withdraws two guaranteed bonds

National Savings & Investments has withdrwn the three and five-year issues of its guaranteed growth bonds and guaranteed income bonds with immediate effect.

NS&I says the changes come after a review of products and interest rates, to ensure it continues to balance the interests of savers, the taxpayer and the stability of the wider financial services marketplace.

Due to the popularity of the three and five year Issues, our sales targets for these bonds were achieved more quickly than originally expected.

NS&I confirms that there has been no change to its published net financing target of zero for 2009–10 and it continues to offer a range of other savings and investments, including income bonds and fixed interest savings certificates.

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