Post Office launches Growth Bond Issue 12
The Post Office has launched its Growth Bond Issue 12.
Customers can take out the product in one, two or three-year terms, with interest rates varying depending on the length of the term.
The one-year bond offers three per cent AER, rising to 3.7 per cent for the two-year product and 4.1 per cent for the three-year bond.
A minimum opening deposit of £500 and a maximum of £1 million are allowed.
Additional deposits and withdrawals cannot be made, however.
Richard Norman, director of savings and investments at the Post Office, says: "At a time when savings rates are still very low, our range of Growth Bonds offers a guaranteed return at a very competitive rate."
- Tags:
- products and companies
Comments
Newsletter sign up