Children's Bonds

Maturing Bonds

Children's Bonds are no longer available since 26 April 2018.

What you need to decide

We’ll write to you around 30 days before your Bond matures to explain your options in detail. You don’t need to do anything until you receive your pack.

Cashing in early

Children’s Bonds are designed to be held for the whole of the 5-year term. The person who looks after the Bond can cash in at the end of a term with no penalty.

You can also cash in before that, but we will deduct a penalty from the payment equivalent to 90 days’ interest on the amount cashed in.

When you cash in part of a Bond, at least £25 must remain in the Bond to keep it open until maturity.

Bear in mind that if you cash in all of a Bond within 90 days of renewing, you will get back less than the renewal value.

How to cash in

Have you registered for our online and phone service? Log in or call us at any time with your NS&I number and password to hand.

Call us

Or complete a cashing in form and send it to us.

Or complete a cashing in form and send it to us.

Find out how long it takes to receive your payment

For customers overseas

If your child lives overseas, you can move to another NS&I account or cash in the Bond.

But if you choose to transfer to a Junior ISA you need to be a UK Crown servant or dependant on one to be eligible for our Junior ISA.