New pensioner bonds paying an annual interest rate of up to 4% are now on sale but high demand has led to some website problems.
The government-backed lump sum investments are being offered through National Savings and Investments.
Market-leading rates and years of accounts offering low returns have led to expectations of rapid sales of these bonds.
Only those aged 65 and over are eligible to invest in the bonds.
Within an hour of the announcement of the bonds going on sale, there were problems with the NS&I website. Throughout the day, potential customers have been reporting long waits trying to contact NS&I on the phone."
'via Blog this'