Post Office launches new Fiveyear Saver
The Post Office announced the sixth issue of its Fiveyear Saver – a no risk, fixed-term deposit bond – which guarantees returns over a five year period with the benefit of further growth potential linked to the FTSE 100-Index.
The Fiveyear Saver offers a dual investment system, which is ideal for investors made cautious by the recent stock market jitters. As a result customers who take advantage of this great offer – which is open from 28th April 2008 and closes on 28th June 2008 – will see their money managed in two ways:
– Half of their deposit earns a very competitive 5.5 per cent gross/AER per annum for the five year fixed term period
– The other half benefits from a 50 per cent return on any increase in the FTSE-100 Index over the five year period. Customers’ original deposits are guaranteed should the FTSE-100 Index fall. The Post Office announced the sixth issue of its Fiveyear Saver – a no risk, fixed-term deposit bond – which guarantees returns over a five year period with the benefit of further growth potential linked to the FTSE 100-Index.
The Fiveyear Saver offers a dual investment system, which is ideal for investors made cautious by the recent stock market jitters. As a result customers who take advantage of this great offer – which is open from 28th April 2008 and closes on 28th June 2008 – will see their money managed in two ways:
– Half of their deposit earns a very competitive 5.5 per cent gross/AER per annum for the five year fixed term period
– The other half benefits from a 50 per cent return on any increase in the FTSE-100 Index over the five year period. Customers’ original deposits are guaranteed should the FTSE-100 Index fall.
Post Office® director of savings and investments Richard Norman said: “With the current volatility of the stock market people are understandably wary about risking their hard-earned savings in direct investments, but they still want their money to be working as hard as it can for them. Our five year savings bond provides savers with the security they need now but still gives them the opportunity to make good returns in the future.”
“Post Office® Fiveyear Saver is a secure investment which gives customers a guaranteed return, while still offering the growth potential of the FTSE-100 Index. There is no risk of losing your original deposit and you can invest from as little as GBP 500.”
