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Red letter savings bonds from the Post Office

Red letter savings bonds from the Post Office

Category: Savings

Updated: 22/07/2009
First Published: 14/07/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.