Post Office launches new online bond

The Post Office has announced the launch of an online bond offering some of the best savings interest rates on the market.

Customers have the option of a two or three-year bond, available at savings rates of 3.65 and four per cent AER respectively, from Wednesday February 16th.

For both terms savers have the option to have their interest paid either monthly or annually.

Post Office director of savings and investments Richard Norman said: "By expanding our Online Bond range, we can offer highly attractive rates and flexibility to a broader range of customers who prefer to manage their money online."

He added that the online bonds are ideal for customers who do not need instant access to their money and are looking for a competitive savings interest rate.

The release of the new two and three-year bonds comes after the Post Office announced the launch of a one-year online savings bond offering customers a savings rate of three per cent AER.
 

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2011-02-15 15:36:12 © Moneyextra.com