|The Post Office Launches New Savings Plan|
Last Updated: Friday, 25 April 2014
|Wednesday, 27 January 2010|
The Post Office has announced that it will be launching a competitive fixed-rate ISA and savings bond to cater for the needs of today's savers.
Revealed this week, the Post Office's new Growth Bond Issue 11, which is available now, offers terms of between one and three years, with interest rates of up to 4.4 per cent per annum with a minimum investment of just £500.
The Post Office has also announced that they will be releasing a tax-free Fixed Rate Cash ISA (Issue 2). This latest ISA plan offers a one year term with a rate of 3 per cent per annum with a minimum opening deposit of £500.
Director of savings and investments at the Post Office, Richard Norman commented that 'opening a new fixed-rate cash ISA is a brilliant way of ensuring you make the most of your tax-free allowances. The bond is more ideal for those who are willing to tie up their cash and don't require immediate access to their savings'
Both saving plans are available now; you can apply for the fixed-rate ISA and growth bond online, over the phone or by visiting your local Post Office branch.