Subscribe to The Money StopNews Feed

Browse > Home / News, News-Banking / Hedge your bets with Post Office savings bond

Hedge your bets with Post Office savings bond

October 12, 2007 by admin  
Filed under News, News-Banking

1 Comment

A new five-year savings bond has been launched this week, offering savers a risk-free route to high returns.

The Post Office has announced the launch of the fifth issue of its Fiveyear Saver bond, which permits savers to benefit from gains in the stock market without taking on the risk of losing their money.

The bond delivers 7.5 per cent gross interest on half of the sum deposited, plus 50 per cent of any rise in the FTSE 100 index on the rest it over the course of the five year period. People’s savings are thereby insulated from any risk of loss.

Post Office director of savings and investments Richard Norman said: “Although many investors are seeking to benefit from gains in the stock market, they also want a guarantee that they won’t lose their money.

“Post Office Fiveyear Saver is a secure investment which gives 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 just £500.”

The maximum investment is £1 million, and the offer period is open until January 11 next year.

Tags: Post Office director, risk, Fiveyear Saver bond, growth, Fiveyear, Hedge, offer, route

Tags:

Related Entries

  • Increased safety for money of Post Office savers
    • As a result of changes to the Irish banking system some savers in the UK, including those with Post Office savings accounts, will see their savings guarantee almost double compared to that of savers with
  • Customers can save for Christmas with the Post Office
    • Over the last few years the Post Office in the UK has diversified into a variety of different areas, and in a recent announced the Post Office has stated that consumers will be able to
  • Consumers could start shunning post offices
    • A recently released report has suggested that consumers are going to start shunning post offices and the services that they offer, adding that the whole post office service could 'go the way of Woolworths'. The
  • Alliance & Leicester launches new bond
    • Alliance & Leicester International has announced the launch of a new one-year fixed-rate bond, which the firm claims will meet the needs of its customers. The bond will mature on May 31st 2009 and is open
  • Good news for those with Post Office savings accounts
    • Many people in the UK have Post Office savings accounts, with many preferring these accounts because they are part of a trusted name. According to recent reports those with Post Office savings accounts will now
  • Many savers could move their money into Irish banks and Post Office
    • Following a change in the Irish banking industry it seems that many consumers in the UK could be looking at shifting their savings into UK branches of Irish banks or into the Post Office in
  • Millions to be reliant on credit in 2007 say Post Office
    • New research from the Post Office has shown that one in four of credit card holders will be starting the New Year more dependent on credit than in 2007. Up to 41 per cent of
  • Potential PPI refund
    • Consumers could save themselves large sums of money by seeking a better deal on their payment protection insurance (PPI) for a personal loan.That is according to the Post Office, which says some borrowers may find

Comments

One Response to “Hedge your bets with Post Office savings bond”
  1. Jane says:
    April 24, 2010 at 10:36 am

    I invested in a Post Office 5 year savings bond £1500(stock market). It matured this week I had a cheque for £1549.13. It made just £49.00!! I would have been better off betting on the horses!

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!