Post Office Growth Bond Issue 12 'offers competitive rate of return'

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www.moneynews.co.uk > Banking > Post Office Growth Bond Issue 12 'offers competitive rate of return'

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Post Office Growth Bond Issue 12 'offers competitive rate of return'

Consumers could secure a competitive rate of return with the new Post Office Growth Bond Issue 12 product, claimed a representative from the financial service provider.

It is available in one, two and three-year terms and director of savings and investments at the organisation Richard Norman described it as ideal for those who do not need instant access to their money.

The Post Office Growth Bond Issue 12 offers between three per cent and 4.1 per cent interest depending on the duration that customers sign up for.

Mr Norman stated: "At a time when savings rates are still very low, our range of Growth Bonds offers a guaranteed return at a very competitive rate."

He also highlighted how consumers only need to invest a minimum of £500 to start saving with the financial tool.

Last week, the firm revealed that it is cutting the cost of using credit cards abroad by waiving the 2.5 per cent cash advance fee usually charged when purchasing foreign currency.

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