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Page last updated at 14:15 GMT, Saturday, 12 December 2009

Savings bonds pulled

This week National Savings withdrew the last of it's chart topping Guaranteed savings bonds, even though the products were only launched in October.

The one year Guaranteed Growth Bond offered a 3.95% return. While two, three and five year bonds offered even better rates. But within three weeks the one and two year bonds had been withdrawn; this week the remaining ones disappeared from the market too.

Many customers were frustrated that they could not get through on jammed telephone lines to National Savings before the products were withdrawn.

When the bonds were launched Money Box spoke to Dax Harkins, Senior Savings Strategist at National Savings. This week Money Box asked him why the products have been pulled so quickly.

This item was first broadcast on Radio 4's Money Box on Saturday, 12 December 2009

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