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Growth Bond

  • Start saving today: deposit from £500 to £1 million
  • Fixed rate of up to 1.35% gross/AER

Post Office Money® Growth Bonds are provided by Bank of Ireland UK.

How it works

Up to 1.35% gross/AER fixed

With Post Office Money Growth Bonds, you choose how long you want to save for.

Get rates of 1.20% gross/AER fixed for 1 year, 1.25% gross/AER fixed for 2 years, 1.35% 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

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.

Is this right
for you?
Right for you if
  • You’re happy to leave your money untouched for one, two or three years and receive interest annually
  • You want to save a lump sum between £500 and £1 million rather than make regular deposits
  • You want to know exactly what interest you’ll earn on your savings
Try something else if
  • You think you might need to withdraw your savings before the end of their term
  • You want to add to your savings on a regular basis

Not the right account for you? You could check out our Online Bond, Online Saver, Premier Cash ISA and Fixed Rate Cash ISA accounts


How to apply

Our Growth Bond rates change regularly, so apply today. Just pick up the phone or pop in to your nearest branch.

Your savings are protected by the Financial Services Compensation Scheme. Find out how your savings are protected


Summary Box

Key Product information for our Growth Bonds Savings Account

Account name Post Office Money Growth Bond
Interest rates (AER's) Current interest rates can be found on the interest rates page. Rates are fixed. The fixed rates on offer can change to any time. The fixed rate you receive will be the fixed rate that is on offer when we receive your application. If you are unhappy with this rate, you can cancel your bond within 14-days, as detailed in the Terms and Conditions. After the fixed rate term, the interest paid will be variable.
Tax status All interest is paid Gross.
Conditions for bonus payments No bonus payments applicable
Withdrawal arrangements No withdrawals are allowed during the fixed term.
After the 14-day cooling-off period, closure during the fixed term is only permitted in exceptional circumstances, subject to approval, and may be subject to a breakage fee, as detailed in the Terms and Conditions. If the interest you've earned doesn't cover this fee, you may get back less than you invested.
Access You will be able to access your money at end of the term but not before. You can view your Post Office Money Growth Bond online and contact us by phone, web or post.



0800: Calls to 0800 numbers are normally free from UK landlines and mobile phones. Calls may be monitored or recorded for training and compliance purposes.

0345: Calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages

AER: AER stands for Annual Equivalent Rate and illustrates what the interest rates would be if interest was paid and compounded once each year.

Fixed: A fixed rate of interest remains the same and does not change for the duration of the term.

Gross: Gross rates are paid without the deduction of income tax.

Nominated account: A nominated account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely whenever you like. It should be a UK personal bank or building society account in your name(s) that accepts Direct Debits/Direct Credits.

Prevailing rate: The current rate of interest.

Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account.

Small print

Rates correct as at 6th April 2016.

Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of Ireland (UK) plc is entered on the Financial Services Register and its Register number is 512956. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England and Wales (No. 07022885). Registered office: Bow Bells House, 1 Bread Street, London, EC4M 9BE. Post Office Limited is registered in England and Wales. Registered number 2154540. Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office Money and the Post Office Money logo are registered trademarks of Post Office Limited.

Give us a call

0800 169 7500 8am-10pm, Mon-Fri
8am-6pm, Sat
10am-5pm Sunday and Bank Holidays