Post Office launches new Online Bond terms

The Post Office has announced the launch of an Online Bond offering two and three year terms and best buy rates of up to 4.00% AER, available to customers from Wednesday 16 February. 

The new rates and terms are:

Two year - 3.65% gross/AER
Three year - 4.00% gross/AER

The new terms follow the Post Office's current one year Online Bond which offers 3.00% AER.

For all three terms customers can choose to have their interest paid either monthly or annually.

Post Office Director of Savings and Investments Richard Norman said: "By expanding our Online Bond range, we can offer highly attractive rates and flexibility to a broader range of customers who prefer to manage their money online.  We offer a quick and simple application process and customers can manage their account online at a time that suits them.  This product is ideal for savers who don't need immediate access to their money and who are keen to lock into a competitive rate of interest."

The Online Bonds are all available exclusively at postoffice.co.uk and applications take as little as ten minutes to complete.