A form of index-linked National Savings certificate, originally available only to pensioners.
More example sentences
- There is no truth in the rumour that he has decided to go one better and start handing out ‘granny bonds’.
- The Government can also think of granny bonds for future pensioners and the bearer bonds.
- I know for a fact my mother once had something I think was called a "granny bond" which was effectively a financial product offered to people above a certain age which had a slightly higher interest rate than people below could get.