Post Office® Growth Bond (Issue 8)
With a Post Office® Growth Bond, your money is locked away and you can earn guaranteed
returns with a great rate of 3.40% gross1/AER2 fixed.
The Post Office® Growth Bond is a fixed rate deposit account which has a fixed term
and is provided by the Bank of Ireland.
As the Growth Bond is a fixed term bond, you cannot withdraw your money throughout
the fixed term period. Once you have made your initial investment, no further deposits
are allowed.
Features of the Growth Bond
- Minimum investment is £500
- Maximum investment is £1,000,000
- Guaranteed fixed rates of interest - 3.40% gross1/AER2 fixed
- You can choose how long you want to invest for with a choice of 1, 3 or 5 years
- Interest for 1 year term Bond is paid annually at the end of the term
- Interest for 3 or 5 year Bond is paid annually – you can either have the interest
added to the bond or have it paid to a nominated bank or building society account
Things to Consider
Please note that a Growth Bond is a long term investment and you will not have instant
access to your money.
You may wish to consider an alternative savings account if you require instant access
to your money.
1Gross rates are fixed and do not take account of deduction of income
tax. Rates are with effect from 10 February 2009.
2AER stands for Annual Equivalent Rate and illustrates what the interest
would be if interest was paid and compounded each year.
