Post Office growth bonds announced

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Post Office growth bonds announced

The Post Office has announced the launch of new growth bonds, which offer a return of up 6.25 per cent.

In order to qualify for the account customers must invest a minimum of £500 for their chosen time period.

Those putting their savings away for a year will earn 6.25 per cent AER, while savers who sign up to a three or five-year bond will receive a range of six per cent AER.

Post Office director of savings Richard Norman noted that in times of economic uncertainty, many people want to know that their savings are safe.

"For people lucky enough not to need immediate access to their savings, Post Office growth bonds offer a convenient and secure way to ensure a guaranteed fixed rate of return," he said.

Yesterday the Post Office has launched a new motorcycle insurance policy, with one month's free cover offered for a limited period.
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