SBS has continued to service a similar number of products since April 1999. The closure of products is balanced by the launch of new products. Six products in NS&I's current portfolio are on Thaler and a significant number of accounts are still processed manually or on legacy systems, including Premium Bonds. More than half of the total funds invested with NS&I are invested in Savings Certificates or Premium Bonds.
|
|
Products on |
New Product |
Product closed |
Product |
Value of funds |
|
Premium Bonds |
• |
|
|
|
19,677 |
|
Savings Certificates |
• |
|
|
• |
16,989 |
|
Income Bonds |
• |
|
|
• |
8,612 |
|
Investment Accounts |
• |
|
|
|
7,214 |
|
Pensioner Guaranteed Income Bonds |
• |
|
|
• |
3,982 |
|
Ordinary Accounts |
• |
|
|
|
1,374 |
|
Capital Bonds1 |
• |
|
|
• |
1,293 |
|
Childrens' Bonus Bonds |
• |
|
|
|
1,228 |
|
Individual Savings Account |
|
• |
|
• |
1,190 |
|
Fixed Rate Savings Bonds |
|
• |
|
• |
624 |
|
First Option Bonds |
• |
|
• |
• |
338 |
|
Guaranteed Equity Bond |
|
• |
|
• |
317 |
|
Treasurers Accounts |
• |
|
|
|
65 |
|
Tessa2 |
|
• |
|
• |
37 |
|
Yearly Plan3 |
|
|
|
|
29 |
|
SAYE4 |
|
|
|
|
13 |
|
Deposit Bonds5 |
|
|
|
|
6 |
|
TOTAL FUNDS INVESTED |
|
|
£62,998 million |
||
|
* Still hold a residue of un-redeemable funds where NS&I has been unable to effect repayment as NS&I has lost contact with customers. |
|||||
__________________________________________________________________________________________
1 Sales of Capital Bonds made from February 2003 are administered on Thaler. Sales made prior to February 2003 are still administered on a legacy system.
2 NS&I have never administered Tessas but do allow customers with maturing Tessas from other organisations to invest those funds into Tessa ISAs for up to 6 months following maturity. The last Tessas are dated Spring 1999 for maturity in Spring 2004.
3 The last agreements started in 1995 with final monthly payments and certificates issued in 1996. The last certificates matured in 2001.
4 The last contracts started in 1994/95 and last payments made in 2001/02.
5 The last bonds were sold in November 1988 - a full redemption exercise took place in June 2002.