Post Office Fiveyear Saver launched

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Post Office Fiveyear Saver launched

Wed 10th Oct 2007

The Post Office has unveiled its new deposit bond - dubbed the Fiveyear Saver, which guarantees returns over five years.

Additionally, the bond could grow further as it is linked to the FTSE 100 Index, the Post Office has claimed.

Investors who have been made worried by the recent unsteadiness of the stock market may find that the Fiveyear Saver is ideal.

The director of savings and investments at the Post Office, Richard Norman, said: "Although many investors are seeking to benefit from gains in the stock market, they also want a guarantee that they won't lose their money.

"This is why we are pleased to announce the launch of a new five year savings bond - with an even better rate of interest."

Customers can invest from just £500 and know that they cannot lose their money, Mr Norman continued.

Meanwhile, according to the BBC sub-prime mortgage lending in the UK is responsible for more than 70 per cent of repossessions.

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