Post Office offers one-year growth bond

  • Story by: Girlie Garduce
  • Magazine: FinancialAdviser
  • Published Thursday , July 03, 2008

Product review

Advertising

The Post Office

Type: One-year growth bond

Description: The Post Office has launched a new one-year growth bond paying a rate of 7.05 per cent. For example, £500 will increase to £535.25 after one year and a saving of £25,000 will increase to £26,762.50.

Conditions: Minimum investment is £500. The new bond, along with other growth bonds in the Post Office range, is available at all UK Post Office branches, by telephone and online, making them easily accessible to all types of saver.

Contact: 0800 169 7500 or visit your local Post Office branch.

Verdict: This type of bond is a good addition to a client portfolio as it encourages a certain level of cash to be held in case of emergencies. This would fit into any financial advice as a good place to hold cash that is not required immediately.

Rating: 4/5



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