Post Office Online Bond is provided by Bank of Ireland UK
We're carrying out planned maintenance from 10pm Saturday 3rd October to 10am Sunday 4th October. During this time, applications and online banking will be unavailable. We apologise for any inconvenience caused.
Easy to set up
All you need to open your account is a single deposit, from £500 up to a maximum of £2 million.
Take out the bond alone or jointly
If you’re over 18, you can set up an Online Bond for yourself or jointly with another person.
Choose monthly or annual interest
Save for your fixed term, no withdrawals allowed during the term.
And we’ll pay your fixed rate interest into your linked account or Online Bond monthly or once a year, as preferred.
Account name: Post Office Online Bond (Issue 143)
You must read all tabs of the summary box carefully before applying
| 1 year | 2 year | 3 year | |
|---|---|---|---|
| Annual interest | 4.65% Gross/AER fixed | 4.65% Gross/AER fixed | 4.65% Gross/AER fixed |
| Monthly interest | 4.55% 4.65% AER fixed | 4.55% 4.65% AER fixed | 4.55% 4.65% AER fixed |
Annual - interest is paid at a fixed rate annually. This means:
Monthly - interest is paid monthly on the anniversary the bond was opened.
You can choose to have your interest paid monthly or annually on the anniversary of your account being opened (or the closest business day).
Monthly and annual interest is calculated daily.
No, the interest rate is fixed during the term of the account.
| 1 year | 2 year | 3 year | |
|---|---|---|---|
| After 12 months | £1,046.50 | N/A | N/A |
| After 24 months | N/A | £1,095.16 | N/A |
| After 36 months | N/A | N/A | £1,146.09 |
This projection is based on an annual interest option with interest paid into the account (compound interest). This projection is provided for illustrative purposes only and does not take into account your individual circumstances.
These assumptions are based on a £1,000 deposit with no further deposits or withdrawals made during the 12 months of the projection.
As this is a fixed term product, once opened you won’t be able to switch to another product until the end of the fixed term.
If you wish to switch into this product, please select the ‘Online Savings find out more’ link on your online banking page or visit your local branch.
You can't make withdrawals before the bond matures, so you need to be sure you won’t need access to your money during the fixed term. However, we may allow you to close your account during the fixed term, at our discretion, in exceptional circumstances.
Early closure is usually subject to a breakage fee. The way the breakage fee is calculated will be fully explained to you at the time of your request, and could mean you get back less than you deposited. Partial withdrawals are not permitted.
See section 11, ‘Closing your account’ in the Online Bond key information for further details. All closure requests must be sent in writing to us at PO BOX 87, Armagh BT61 0BN, including an explanation of the exceptional circumstance surrounding your request. We may ask for evidence and/or further information to be provided.
When your bond matures, your money will be moved into a variable rate account. We’ll contact you before the end of your fixed term to explain what will happen and tell you the current interest rate of the variable rate account. We may offer you the opportunity to reinvest in a new account and deposit additional funds to your account.
Interest is paid gross without tax deducted on our Online Bond.
If you’d like to cancel, you can do so within 14 days from the date your Online Bond was opened on. Your money will be returned in full with any accrued interest.
Please read these documents and guides before you apply. You may like to save or print them for future reference.
By applying you confirm that you have read and understood all sections of the summary box and key documents for this product.
Before you open a fixed term bond, make sure you’ll be able to leave your money for the whole term.
You may be able to withdraw it all in exceptional circumstances. By this we mean an event outside your control you couldn’t have foreseen when you opened the bond. One that’s likely to cause you significant financial or personal disadvantage. Examples may include bankruptcy or diagnosis of a terminal illness. Buying a house wouldn’t count, for instance, unless failing to do so would cause you significant personal disadvantage.
All closure requests must be sent to us in writing for approval. Please explain the circumstances behind your request. We may ask you to provide evidence and/or further details.
There’s usually a breakage fee for early closure. If the interest earned doesn't cover this, you may get back less than you put in. So, before taking out a fixed term account, carefully consider if you’ll need to use those funds during the term.
By law, we’re required to have sufficient proof of your identity and address before we can open your account. Most times, we’ll be able to verify your identity and address online, by carrying out searches with public authorities.
In some cases, we may ask you for further documentation.
To confirm your identity, we’ll normally ask you to supply us with one of the following:
To establish your address, we’ll usually ask you to send us one of the following:
If we need you to prove your financial status, we’ll ask you for specific documentation.
Your identity and address information will need to be certified.
If you’re an existing Post Office customer, there are lots of reasons why we must recheck your identity and address. For instance, you may have moved address since you last opened an account, or you may have no active accounts with us at the moment.
Please note, if we don’t receive your documents within 28 days of your application, it’ll be cancelled. You’ll then need to reapply for the bond.
If you’ve chosen to fund the opening of your bond from your bank or building society account, we require your account details to enable us to set up a one-off transfer via Direct Debit. Please allow a minimum of 9 business days for us to set up and process your transfer request. If you try to transfer funds again while this process is still in progress, it may result in your deposit being taken twice.
We’ll also ask for your bank or building society account details if you choose to have your interest paid into this account.
A power of attorney usually allows you to open or operate an account on behalf of another person. Post Office can’t advise you on gaining power of attorney. Please contact your legal adviser for further information.
To apply for a Post Office Online Bond under a power of attorney, you’ll need to provide us with your personal details and those of the donor.
You'll also need to provide:
Please note we won’t agree to give anyone else authority over your account except under an Enduring Power of Attorney, or a Property and Financial Affairs Lasting Power of Attorney that’s registered with the Court of Protection.
In exceptional circumstances we may accept unregistered forms of attorney or other third-party authorities to operate the account.
To open a Post Office Online Bond or take over the management of an existing account, please complete and return the Adding an Authority form.
If you’re unhappy about your choice and wish to cancel your account, you must inform us of your decision to cancel in writing. This must be within 14 days of receiving notification from us that your account has been opened. Once you’ve informed us of your wish to cancel, we’ll help you switch to another Post Office savings product. Alternatively, we’ll give you all your money back with any interest it’s earned. If you don’t exercise your right to cancel, your account will continue.
If you need to close your account after the end of the 14-day cancellation period, due to exceptional circumstances, then a bond breakage fee may be applied. You can find further information about this in the Online Bond key information.
AER:
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to your account each year.
Fixed:
A fixed rate of interest remains the same and does not change for the duration of the term.
Gross:
Gross rates means we will not automatically deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
Linked account:
A Linked Account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely. It must be a UK personal bank or building society account in your name(s).
Find out more about the Financial Services Compensation Scheme (FSCS) and how it protects your savings.
Bank of Ireland UK is a trading name 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 under registration number 512956. Registered in England and Wales (No. 07022885). Registered Office: 45 Gresham Street, London EC2V 7EH.
The above details can be checked on the Financial Services Register by visiting the Financial Conduct Authority website.
Post Office Limited is registered in England and Wales (No. 2154540). Registered Office: 100 Wood Street, London, EC2V 7ER. Post Office and the Post Office logo are registered trademarks of Post Office Limited.
Rates correct as of 15th September 2026.