Growth Bond - rates of up to 7.05% gross/AER fixed @ Post Office - HotUKDeals
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With a Post Office® Growth Bond your money is secure, and you can earn guaranteed returns with one of our great rates of up to 7.05% gross/AER fixed.

Post Office® Growth Bond - key features;
- minimum investment £500.
- maximum investment £1,000,000.
- guaranteed fixed rates of interest - up to 7.05% gross/AER fixed, dependant on the length of term chosen.
- you choose how long you want to invest for 1, 3 or 5 years.

The Post Office® Growth Bond is a fixed term, fixed rate deposit account which is provided by the Bank of Ireland.

As the Growth Bond is a fixed term bond, you cannot withdraw your money throughout the fixed term period. No additional deposits allowed.
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Liam5170 Avatar
8y, 4m agoFound 8 years, 4 months ago
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(16) Jump to unreadPost a comment
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#1
Suprised by the initial cold voting. This is a very good bond especially over 1 year
#2
Voted hot -
why don't people put a better deal if they vote cold?
#3
It drives me mad! I think some people just vote cold for the sake of it because its not something they are interested in. At the end of the day this is not a product to buy. Its something that will increase your money!
#4
Good deal but there is better around (if only slightly)

http://www.icicibank.co.uk/hisave_fixedrate.html

However I voted hot for you as would feel slightly safer investing with PO :)
#5
freddykrueger
Good deal but there is better around (if only slightly)

http://www.icicibank.co.uk/hisave_fixedrate.html

However I voted hot for you as would feel slightly safer investing with PO :)


Thats one of the key points though. Everyone lives near a Post office so if there was any problem you can go straight in and demand a meeting with the manager. I am not having a go at online bonds, I just feel that this is a great offer and very convenient for most people.
#6
ICICI Bank are doing the same period but offering 7.2%
#7
Liam5170
Thats one of the key points though. Everyone lives near a Post office so if there was any problem you can go straight in and demand a meeting with the manager. I am not having a go at online bonds, I just feel that this is a great offer and very convenient for most people.


Yes but the deposit is with the bank of Ireland, the Post office manager will not be able to help
#8
keitht585
Yes but the deposit is with the bank of Ireland, the Post office manager will not be able to help


I still would rather bank with somewhere i can go rather than internet only
#9
keitht585
ICICI Bank are doing the same period but offering 7.2%


It boils down to whether or not u want online banking only then. I would feel safer as Freddy said with the PO
#10
keitht585
ICICI Bank are doing the same period but offering 7.2%


Sorry mate but that is the one I mentioned in my earlier post above. Also need to point out in POs favour that min investment with ICICI is £1000 whereas with PO it is £500.
#11
If the PO cash is deposited with The Bank of Ireland, then I'm sure this is not fully covered by the FSA compensation scheme.
ICICI, however, is fully covered.
#12
BOI is the provider/underwriter for all Post Office financial products.

It is right that PO staff will be unable to deal with any queries regarding the bond - all they can do is process your initial application - but there is a dedicated PO Savings customer service line to deal with any product queries.

This is the best rate bond that has been offered for a long time by the PO, and at my office we've had a lot of interest in it. I took one out a few years ago when they were first launched (obviously at a much lesser rate back then!) it is just so hassle-free, looks after itself really!
#13
tuggy
If the PO cash is deposited with The Bank of Ireland, then I'm sure this is not fully covered by the FSA compensation scheme.
ICICI, however, is fully covered.


BOI are fully covered under the FSCS , first £35k is safe. You wouldnt be able to discuss this product really with post office manager or post office staff, all they will be able to give you is factual information only because they will not have had the relevant training on the bond, there are a few others paying better interest on a 1 year bond, granted that the minium balance is 1k ,as another poster mentioned icici are paying 7.20& AER and Kaupthing Edge are paying 7.15 AER for a 1 year term , both covered under the financial services compensatory scheme
#14
Surely it's better to go with a trusted brand like the Post Office than ICICI? PO are covered by the same FSA regulations. It's so easy to apply online: http://www.postoffice.co.uk/portal/po/jump1?catId=19300232&mediaId=19300235
#15
Awesome deal!
#16
Good rate for the High Street, but as previously mentioned, better deals available online.
Kaupthing Edge is another to consider

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