The Post Office Growth Bond Issue 11, which is available immediately, offers one, two and three year terms, and rates up to 4.4% AER.
- 1-year - 3.30% gross^/AER
- 2-year - 4.05% gross^/ AER
- 3-year - 4.40% gross^/AER
Also available now is a Fixed Rate Cash ISA (Issue 2) offering a one year term with a rate of 3% tax-free/AER. Applications for both products are available in branch, online and over the telephone.
Post Office Director of Savings and Investments Richard Norman said:
"The current environment is tough for savers, but the new Post Office Growth Bond, which offers a guaranteed return at a competitive rate, is ideal for those who do not need immediate access to their savings. With a minimum investment of only £500, these bonds are ideal for all types of savers looking to take advantage of rates of up to 4.4% AER.
"With new ISA limits already available to savers over 50 and coming into play for everyone from 6 April 2010, everyone needs to re-evaluate their savings. Whatever your age, opening a new Fixed Rate Cash ISA is a great way of ensuring you are making the most of your tax-free saving."
