Post Office Guaranteed Equity Bond launched

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Post Office Guaranteed Equity Bond launched

The Post Office is launching the fifth issue of its Guaranteed Equity Bond, which offers customers the choice of a three or five year bond.

For the five year Post Office Guaranteed Equity Bond, customers receive a rate of 125 per cent for the FTSE 100 growth over the lifetime of the bond.

Furthermore, it is guaranteed that the original amount invested will be returned.

Richard Norman, head of savings and investments at the Post Office, said: "Post Office Guaranteed Equity Bonds offer an ideal solution for savers who want to avoid sleepless nights by taking big risks."

The minimum investment for the bond stands at £500 and is available until October 26th, with a four per cent interest rate during the offer period.

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