The Post Office has launched Issue 9 of its one, three and five year Growth Bonds, which pay up to 0.90% more than their predecessors. Each requires a minimum investment of £500.
The one year option is a fixed term account paying a rate of 3.85% on maturity.
The three year option is also a fixed term account, but pays 4.15% yearly.
The five year fixed bond pays 4.30% yearly.
No additions or withdrawals are permitted on any of these three bonds, which are operated by Bank of Ireland.
Paying increased rates on previous issues, these bonds represent great news for investors who like to support their local Post Office.
The one year product is the market leader in its field and should prove popular, while the two and three year bonds sit in the top quartile of their respective fields.
The bonds have been awarded four out of five Moneyfacts stars.
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