Money News
The Post Office has announced the launch of the 5th issue of its Fiveyear Saver - a no risk, fixed-term deposit bond, which guarantees returns over a 5 year period with the benefit of further growth potential linked to the FTSE 100-Index.
The Fiveyear Saver offers a dual investment system - half of the deposit earning 7.5% gross/AER pa for the 5 year fixed term period, the other half benefiting from a 50% return on any increase in the FTSE-100 Index over the same period, if applicable. Customers' original deposits are guaranteed should the Footsie fall, however.
Minimum investment is £500 (maximum £1 million) - the offer period for the plan due to run through January 11th 2008. Interest on monies submitted during the offer period will accrue at 5% gross AER.
No additional amounts or withdrawals are permitted during the term.
12 October 2007 © Moneyextra.com
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