defence bonds never fluctuate in value

DEFENCE BONDS NEVER FLUCTUATE IN VALUE 210 The man with his savings in Defence Bonds knows that his money is absolutely safe. From the day you invest your first £5, Defence Bonds begin to earn interest at 3% per annum. This interest, which is paid half-yearly, is subject to income tax, but the tax is not deducted at source. Defence Bonds can be bought in multiples of £5 through a Savings Group or War Savings Centre, from your bank or stock- broker, at any Trustee Savings Bank and at most Post Offices.