Up to 2.01% gross/AER fixed
With Post Office Money Growth Bonds, you choose how long you want to save for.
Get rates of 1.67% gross/AER fixed for 1 year, 1.80% gross/AER fixed for 2 years, 2.01% gross/AER fixed for 3 years.
Interest is paid annually on the anniversary of the account opening, which may suit longer term savers.
Growth Bonds allow you to put your money away for a fixed term and fixed rate of interest. After the bond is opened you won’t be able to close your account unless it's due to exceptional circumstances, subject to approval and a fee may apply. If the interest you’ve earned doesn’t cover this, you may get back less than you put in. No additional deposits are allowed.
Before applying check you’re eligible. A Post Office Money Growth Bond can be opened by anyone aged 16 or over, and a UK resident for tax purposes. If you're under 16 you’ll need an adult who is either a parent, grandparent or legal guardian to open it for you.