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The Post Office has launched the latest version of the Inflation Linked Bond.
The Bond offers two terms, three years and five years and a day, with interest linked to RPI (Retail Prices Index) plus a fixed amount of 0.24% per annum on the three year version and 0.98% per annum on the longer term account.
RPI generally runs higher than CPI (Consumer Prices Index) and includes the cost of mortgage interest rates, in August RPI was 5.2% and has been rising consistently over the past year or so.
Richard Norman, director of savings and investments at the Post Office, said: "Since we ...
October 6th, 2011
