National Savings Bond renewal

[glennjamin]

Father in-law has got a £250k NS&I bond maturing and there offer for new interest rate is 2.5%pa, term is either 3 or 5 year term. Does he take the three year option hoping that the intrest rate will be raised and then renew after 3 years or put it in for full 5 years and stay safe ?... Or is there another safe option to put his money ?

[Sim75]

I think the only thing that's guaranteed is that interest rates won't be coming down anytime soon, certainly not within 3 years.