Post Office launches inflation-linked bond

clock

The Post Office has launched a new issue of its popular inflation-linked savings bond.

The five-year bond guarantees to pay interest at 0.5 percentage points above the retail prices index (RPI). It is also offering a shorter-term version, paying 0.25 points above RPI after three years. Both RPI and CPI (consumer prices index) fell in December, according to the Office for National Statistics (ONS). CPI fell to 4.2% from 4.8% in November, while RPI - which includes mortgage interest payments - fell to 4.8% from 5.2%. The Post Office deal can be opened with a minimum of £500; the maximum holding is £1m. The bond is due to remain open until 29 March, but the Post O...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read