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Bonds and Gilts

Buy and sell corporate bonds, gilts and PIBS

View bond and gilt prices Register for bond launch alerts

Important information - please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice.

New to Bonds and Gilts?

When you buy a bond you are, in effect, lending a company or government money. In return you receive interest and the issuer promises to pay back the loan on a specified date.

Gilts are UK government bonds, which are issued to help finance public spending. PIBS (Permanent Interest Bearing Shares) are issued by UK building societies and work in a similar way to bonds.

What are bonds, and how do they work?

Phone dealing charge of

1% (£20 minimum, £50 maximum)

Dealing charges

Most bonds, gilts and PIBS can only be dealt over the phone. Our phone dealing charge is 1% (£20 minimum, £50 maximum). Some bonds can be dealt online, and will be charged at our normal share dealing rates.

View all dealing charges

Open an account and start dealing

You can deal bonds and gilts in a choice of HL accounts. Once you have an account and are familiar with bonds and gilts, call us on 0117 980 9800 during market hours (Mon-Fri 8am-4:30pm) to deal.

Bonds may not be suitable for all investors and neither income nor capital is guaranteed. If you are unsure of the suitability of an investment for your circumstances please seek personal advice.

Fund and Share dealing account

  • Free to hold bonds and gilts
  • No investment limits
  • Minimum £1 to open

Stocks and Shares ISA

  • 0.45% annual charge to hold bonds and gilts (maximum £45)
  • Invest up to £20,000 this tax year
  • Minimum £100 to open

You can also deal bonds and gilts within a SIPP (Self-invested personal pension)