NS&I site crashes after 'high demand' for pensioner bonds

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The National Savings & Investments (NS&I) website crashed after experiencing "high demand" for the newly launched pensioner bonds, which went on sale this morning.

The site of NS&I, which acts as the sole distributer of the government's market-leading bonds for people aged 65 and over, experienced initial delays but is now back up and running, the company said. It said: "A lot of customers got through but some were experiencing delays due to high demand." Chief executive Jane Platt urged pensioners not to "rush to invest", saying she expects the bonds to be on sale "for months not weeks". Pensioner bonds were unveiled by Chancellor George Osborne in the last Budget. They offer older savers market-beating rates of 2.8% for the one-year prod...

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