granny bond


Also found in: Financial.

granny bond

n
(Banking & Finance) (in Britain) an informal name for retirement issue certificate, an index-linked savings certificate, originally available only to people over retirement age
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The savings and investments taken into account include: money in a bank, building society or post office account; National Savings Certificates; Premium Bonds; investments like ISAs, PEPs and TESSAs; an income bond, capital bond or granny bond; shares or unit trusts; and property and land (but not including the place where you normally live).
ANOTHER 100 centre staff have been hired to help deal with the chaotic launch of the Government's "granny bonds".
ANOTHER 100 call centre staff have been hired to help deal with the chaotic launch of the Government's "granny bonds".
THE launch of the "granny bonds" scheme descended into chaos yesterday as pensioners rushed to get their hands on the accounts.