Post Office launches new growth bonds paying 3.4%

The Post Office has launched a range of new Growth Bonds paying a rate of 3.4% for a one, three or five year term.

The Post Office has launched a range of new Growth Bonds paying a rate of 3.4% for a one, three or five year term.

Post Office Growth Bonds are ideal for savers looking for a guaranteed rate of return over a fixed period of time, and unlike other similar products on the market, they are open to anyone with a minimum investment of £500.

The new bonds are available at all UK Post Office branches, by telephone and online, making them easily accessible to all types of saver.

Post Office director of savings and investments, Richard Norman, said: “For savers who do not need immediate access to their savings and who are looking for a guaranteed fixed rate of return, Post Office Growth Bonds are ideal.”