Post Office launches new bonds

Friday, 17 June 2011 04:30

The Post Office has announced two new inflation linked bonds that could tempt consumers hoping to make their most of their money.

People interested in the products, which offer 1.5 per cent over the Retail Prices Index for five years and 0.5 per cent over the rate for three years respectively, have until September 2nd to secure them, with a minimum investment of just £500 required.

Richard Norman, director of savings and investments at the Post Office, said: "We're helping our customers protect their savings from the impact of inflation with our inflation linked bonds."

He added saving has become "less attractive" for some people, but suggested more people might find they can put some cash aside with the three-year products.

The introduction of the new three-year term will be particularly attractive to those who are not able to put their money aside for as long as five years.

Use the Myfinances.co.uk comparison tools to find the best deal on savings bonds  

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