Articles

Post Office™ Articles

Press Release: 15th July 2009

Post Office Launches New Growth Bonds Paying Up To
4.3% AER

The Post Office® today announced the launch of Growth Bond Issue 9, offering one, three and five year terms, and rates of up to 4.3% AER*.

• 1-year - 3.85% gross/AER
• 3-year – 4.15% gross/ AER
• 5-year - 4.30% gross/AER

Post Office Growth Bond offer savers a guaranteed rate of return over a fixed period of time, and unlike other similar products on the market, they are open to anyone with a minimum investment of £500. The new bonds are available for a limited period only at all UK Post Office branches, by telephone and online, making them easily accessible to all types of saver.

Post Office director of savings and investments Richard Norman said: "For savers who do not need immediate access to their savings, the new Post Office Growth Bonds offer a guaranteed return at a competitive rate. With a minimum investment of only £500, these bonds are ideal for all types of saver looking to take advantage of rates of up to 4.3%.”

To find out more about Post Office Growth Bond, log onto postoffice.co.uk, call 0800 169 7500 or visit your local Post Office branch.

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Notes to editors

*How much will be earned.

These are gross calculations and do not take account of income tax deduction.

Post Office Growth Bonds are provided by Bank of Ireland.

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