The Post Office has announced this week that it is to launch its fifth Guaranteed Equity Bond (GEB) issue that offers customers the chance to invest over three or five years.
This new savings bond offers customers a competitive savings interest rate of 125 per cent of the FTSE 100 growth over the term of the savings bond.
Those who choose to start saving money in this savings bond are guaranteed a return of the original investment.
The Post Office anticipates that this five-year savings bond will be ideal for people who want to be saving money in order to earn a higher return on their investment while looking to keep their capital secure.
Head of savings and investments at the Post Office, Richard Norman, comments: "In the year since we offered our first GEB we have seen an increasing demand from investors who want higher potential returns without risking their capital.
"Post Office GEBs offer an ideal solution for savers who want to avoid sleepless nights by taking big risks."
Minimum investment for the savings bond is £500 and the deal is available until October 26th.
Fifth issue of Post Office savings bond unveiled
Financial Services > Savings > Savings and Investments News
Fifth issue of Post Office savings bond unveiled
Wed, 28 Sep 2005
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