Press release -
Post Office Launches New Issues Of Highly Competitive Bonds
- Three new issues of Online Bonds and Growth Bonds
- Highly competitive rates on Growth Bonds
- Excellent rates on Online Bonds from 1.61% gross^/AER* Fixed
The Post Office continues to provide some of the most competitive savings rates on the market with the launch of two new issues - Growth Bonds and Online Bonds. The new issues are available to customers immediately.
Growth Bond Issue 22:
- One year – 1.60% gross^/AER*Fixed
- Two Year – 1.85% gross^/AER*Fixed
- Three Year – 2.00% gross^/AER*Fixed
Online Bond Issue 11:
- One Year – up to 1.61% gross^/AER*Fixed
- Two Year – up to 1.86% gross^/AER*Fixed
- Three Year – up to 2.01% gross^/AER*Fixed
Henk Van Hulle, Head of Savings and Investments for Post Office, said: “Post Office continues to support savers’ needs by introducing competitive rates on new issues of Online Bond and Growth Bond, offering one, two and three year options. As one of the UK’s leading savings providers we remain committed to giving our customers the best rates possible, especially in such a tough savings environment.
“With a minimum deposit of £500 as well as very attractive interest rates these products are designed to cater for the varying needs of today’s savers.”
Growth Bonds applications are available in-branch, by phone or by post. Online Bonds are available online only.
Ends
For more information, please contact:
Gabrielle O’Gara
Post Office Press Office
0207 250 2534/0743 6034 094
Gabrielle.ogara@postoffice.co.uk www.postoffice.co.uk
Growth Bond Issue 22:
One Year |
Two Year |
Three Year |
|
Interest rate |
Annual interest: 1.60% gross^/AER* Fixed |
Annual interest: 1.85% gross^/AER* Fixed |
Annual interest: 2.00% gross^/AER* Fixed |
Minimum opening deposit |
£500 |
||
Max deposit |
£1 million |
||
Additional deposits |
No additional deposits during fixed term |
||
Withdrawals |
No withdrawals during fixed term. Early closure in exceptional circumstances and may be subject to a breakage fee meaning you could get less back than you put in |
||
Interest paid |
For terms of 1 year, interest will be paid at the end of term. If you choose a term longer than 1 year, interest will be added to your account annually on the anniversary of the account opening. |
||
Online Bond Issue 11:
One Year |
Two Year |
Three Year |
|
Interest rate |
Annual interest 1.61% gross^/AER* Fixed Monthly interest 1.59% gross^/1.61% AER* Fixed |
Annual interest 1.86% gross^/AER* Fixed Monthly interest 1.84% gross^/1.86% AER* Fixed |
Annual interest 2.01% gross^/AER* Fixed Monthly interest 1.99% gross^/2.01% AER* Fixed |
Minimum opening deposit |
£500 |
||
Max deposit |
£2 million |
||
Additional deposits |
No additional deposits during fixed term |
||
Withdrawals |
No withdrawals during fixed term. Early closure in exceptional circumstances and may be subject to a breakage fee meaning you could get less back than you put in |
||
Interest paid |
Interest can be paid monthly or annually. Interest can be capitalised to the account or paid away to a nominated account |
Growth Bond and Online Bond are provided by Bank of Ireland UK.
*AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once a year.
^Gross rates do not take into account deductions of income tax.
Deposits are protected by the Financial Services Compensation Scheme. Eligible deposits are protected up to the value of £85,000 per depositor, per institution.
The Post Office has a well-established history of winning awards for its popular savings range:
- Best Cash ISA Provider - 2014 Moneynet Awards
- Best Direct Savings Account Provider – Your Money Direct Awards 2013
- Best Fixed Rate Provider – 2012 Moneyfacts Awards
- Trusted Provider – Moneywise 2012
- Best ISA provider for consistency of rates 2012 – Moneywise 2012
- Best Fixed Rate Bond Provider – 2012 Moneynet Awards
- Best Savings Provider – MoneySupermarket Supers Awards 2011
- Best High Street Savings Provider - Consumer Moneyfacts Awards 2011
- Best Savings Account for consistency of rates - Moneywise Awards 2011
- Best Savings Provider - What Investment Readership Awards 2011
- Best Fixed Rate Bond Provider - 2011 Moneynet Awards
Best Fixed Rate Savings Provider - 2010 Moneyfacts Awards
Post Office Ltd. Registered in England and Wales no: 2154540. Registered Office: 148 Old Street, London, EC1V 9HQ.
The Post Office and the Post Office symbol are registered trademarks of Post Office Ltd.
Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England & Wales (No. 7022885), Bow Bells House, 1 Bread Street, London EC4M 9BE.
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About the Post Office
The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.
The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.
Please note the Press Office team can only deal with enquiries from the media. Unfortunately they do not have access to customer information so can not help with customer enquiries.
If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes. 611 2970.
