Post Office Guaranteed Capital Bond issued again
Added: 15/07/2009 Reporter: Peter James
Royal Mail has announced the Post Office's Guaranteed Capital Bond will be issued for a second time and can be taken out until September 26th.
The deal can lead to 100 per cent capital guarantee, with 35 per cent gross year returns from the five-year account.
A three-year account will bring returns of 16 per cent, depending on the FTSE 100 index.
Post Office director of savings and investments Richard Norman commented: "A structured product like the Post Office's Guaranteed Capital Bond, means savers have no risk of losing their original deposit but with the added benefit of receiving a great rate of interest if the market increases or remains the same over the next three or five years."
Royal Mail announced last week (July 7th) that a deal with BT enabling customers to pay their quarterly bills at the Post Office had been extended by three years.
