Post Office Fiveyear Saver offers "guaranteed return"

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Post Office Fiveyear Saver offers "guaranteed return"

Thu 5th Oct 2006

The Post Office Fiveyear Saver has been launched, offering customers a guaranteed return on their investment and further opportunities for profit linked to the FTSE 100 Index.

With the Post Office Fiveyear Saver, a fixed term deposit bond over five years is provided and the limited offer is available until January 12th 2007.

The deposit is essentially split in half, with 50 per cent earning 6.25 per cent gross interest per year and the other 50 per cent is tied in with developments in the FTSE 100 Index.

Head of savings and investments at Post Office Richard Norman stated: "Our customers told us that they liked the idea of a balanced investment where they earn a guaranteed return, whilst still having access to the growth potential of the FTSE-100 Index."

He concluded: "With Post Office Fiveyear Saver there is no risk of losing your original deposit and you can invest from just £500."

Therefore the benefit of the investment lies in the fact that no money can be lost even if the FTSE 100 Index falls.

Due to the Post Office Fiveyear Saver being a five-year fixed term deposit bond, customers are unable to withdraw their money until the period has expired.

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