Post Office Financial Services has launched the sixth issue of its Fiveyear Saver - a no risk, fixed-term deposit bond - which guarantees returns over a five-year period with the benefit of further growth potential linked to the FTSE 100-Index.
Post Office said that the new Fiveyear Saver offers a dual investment system. Customers who utilize this offer will see their money managed in two ways: half of their deposit earns 5.5% gross/AER per annum for the five-year fixed term period and the other half benefits from a 50% return on any increase in the FTSE-100 Index over the five-year period.
Richard Norman, director of savings and investments at Post Office, said: With the current volatility of the stock market people are understandably wary about risking their hard-earned savings in direct investments, but they still want their money to be working as hard as it can for them.
Our five year savings bond provides savers with the security they need now but still gives them the opportunity to make good returns in the future.