Hedge your bets with Post Office savings bond
October 12, 2007 by admin
Filed under News, News-Banking
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.
