HC Deb 15 April 1969 vol 781 c1035

The terms of the British Savings Bond need to be improved. A new issue will, therefore, be available from 28th April carrying an interest rate of 7 per cent. instead of the 6 per cent. rate on the current issue. All the other terms and conditions will be as for the current issue, including the 2 per cent. tax free maturity bonus. Holders of maturing issues of Defence and National Development Bonds will be offered conversion into the new 7 per cent. bond.