Online Bond



Up to2.21%gross/AER fixed

Stay in control with a fixed rate of interest for the term of your choice – exclusively available online.

Key benefits

  • Start saving today: open your bond with just £500
  • Save your way: choose between monthly or annual interest
  • Choose a term of one, two or three years: and get a great fixed rate

Online Bond is provided by Bank of Ireland UK

How it works

It’s quick and easy to open an Online Bond and start earning interest on your savings.

Anyone over the age of 18 who is UK resident and resident in the UK for tax purposes can apply and you can have as many Online Bonds as you like. 

Relax in the knowledge your interest rate won’t change during the fixed term. After the bond is opened you won’t be able to close your account unless it’s due to exceptional circumstances and a fee may apply. If the interest you’ve earned doesn’t cover this, you may get back less than you put in.

Manage your account online, check your balance and watch your savings grow.

Choose when you receive your interest - annually on the anniversary of bond opening or monthly based on the date the bond was opened.

A range of fixed terms to suit you

Fixed term Annual interest Monthly interest
1 year
1.81% gross/AER fixed
1.79% gross/1.81% AER fixed
2 years
2.06% gross/AER fixed
2.04% gross/2.06% AER fixed
3 years
2.21% gross/AER fixed
2.18% gross/2.21% AER fixed

Is an Online Bond right for you?

Right for you if
  • You’re happy to leave your money untouched for a fixed term
  • You want the flexibility of choosing either monthly or annual interest payments
  • You want to know exactly what interest you’ll earn on your savings
Try something else if
  • You want to be able to withdraw your savings when you need them
  • You want to be able to add additional deposits to your savings
  • You're not happy to manage your savings online
Not the right account for you? Check out our Instant Saver, Online Saver, Premier Cash ISA and Fixed Rate Cash ISA accounts.

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

Definitions

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

Gross: Gross rates are fixed and do not take into account deductions of income tax.



This table contains important information which you may want to print and keep for your records

Summary Box - Key product information for our Online Bond
Account name Online Bond Issue 12
Interest rates (AERs)

1 Year term: Annual interest option: 1.81% gross/AER fixed
Monthly interest option: 1.79% gross/1.81% AER fixed

2 Year term: Annual interest option: 2.06% gross/AER fixed
Monthly interest option: 2.04% gross/2.06% AER fixed

3 Year term: Annual interest option: 2.21% gross/AER fixed
Monthly interest option: 2.18% gross/2.21% AER fixed

Tax status Interest will be paid after the deduction of tax at the prevailing rate, unless instructed otherwise.
Conditions for bonus payment None
Withdrawal arrangement

Partial withdrawals aren't permitted.

You can't withdraw the funds from your Account prior to maturity. However, we may allow you to do so at our discretion in exceptional circumstances. By exceptional circumstances we mean an event outside your control, that you could not have reasonably foreseen when you opened the bond, that is likely to cause you significant financial or personal detriment, i.e. bankruptcy or diagnosis of a terminal illness. For clarity a house purchase would not typically classify as an exceptional circumstance unless failure to purchase the house would cause you significant personal detriment. All closure requests must be sent in writing to us and include an explanation of the exceptional circumstance surrounding your request. We may ask for evidence and/or further information to be provided. Early closure is usually subject to a breakage fee (outlined in Condition 30) meaning you could get back less than you originally invested.

Access You will be able to access your money at the end of the term but not before. You can view your Post Office Online Bond online.

Definitions

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

Gross: Gross rates are fixed and do not take into account deductions of income tax.

Prevailing rate: The rate of tax applied to savings interest is currently 20%.



Our online application form is quick and easy and should take less than 10 minutes to complete.

  1. Before you apply, check you meet our eligibility criteria:
    • You’re a UK resident, resident in the UK for tax purposes and aged 18 or over. This does not include the Channel Islands and the Isle of Man. The account is not open to trustees, charities, clubs, associations, companies, limited liability partnerships, partnerships nor may it be used for business purposes.
    • You can save at least £500 for the term of your choice.
    • You’ve got a valid email address.
  2. Complete our simple online application 
    In most cases your account will be opened and your account number provided instantly at the end of the application process. You can also see how to apply under a Power of Attorney here.
    Once you’ve submitted an online application we’ll send you a confirmation email telling you about the next steps. If we can’t verify your identity and/or address electronically we will ask you to post us some documentation to help us complete our checks and open your account.
  3. Once your account is open
    If you are an existing online banking service user you can log in immediately using your existing log-in details.
    If you are a new customer or don’t use our online banking service we’ll post you a user ID and 6 digit security number (separately). You should receive both of these within 4 business days and, once you have them, you’ll be able to log-in and manage your account.

Open an Online Bond

Apply

Small print

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 is a trading name of Bank of Ireland (UK) plc, which is registered in England and Wales (No. 07022885), Bow Bells House, 1 Bread Street, London EC4M 9BE. Post Office Limited is registered in England and Wales. Registered No.2154540. Registered Office is 148 Old Street, London EC1V 9HQ. Post Office and the Post Office logo are registered trademarks of Post Office Limited.

Online Bond is currently available exclusively to existing customers, by invitation only, through our Online Banking Service.

View the other savings products available through the Post Office.

Online Bond is provided by Bank of Ireland UK

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 is a trading name of Bank of Ireland (UK) plc, which is registered in England and Wales (No. 07022885), Bow Bells House, 1 Bread Street, London EC4M 9BE. Post Office Limited is registered in England and Wales. Registered No.2154540. Registered Office is 148 Old Street, London EC1V 9HQ. Post Office and the Post Office logo are registered trademarks of Post Office Limited.

Handy info

For more information on this account, check out the documents below

Apply now

Open an Online Bond

Apply

Can we help?

For more help and support about this product,

Read our FAQs

Existing customers

If you've already got an account, you can log in here.

 

Log in