Online Bonds in UK

  • Open a savings account today with as little as £500
  • Receive interest on your savings monthly or annually

Post Office Money® Online Bond is provided by Bank of Ireland UK

Online Bond Rates

  • 1 year at 0.35% gross/AER fixed
  • 2 years at 0.40% gross/AER fixed
  • 3 years at 0.45% gross/AER fixed
Summary Box
Key product information for our Online Bond savings account
Account name Post Office Money Online Bond Issue 71
What is the interest rate? Year 1 Year 2 Year 3
Annual 0.35% gross/AER 0.40% gross/AER 0.45% gross/AER
Monthly 0.34% gross/0.35% AER 0.39% gross/0.40% AER 0.44% gross/0.45% AER
Interest is calculated daily. Annual interest will be paid on the anniversary of account opening. Monthly interest will be paid each month on the same day your account was opened (or closest business day).
Can Bank of Ireland UK change the interest rate? No, the interest rate is fixed during the term of the account.
What would the estimated balance be based on a £1,000 deposit? 12 months £1,003.50 N/A N/A
24 months N/A £1,008.02 N/A
36 months N/A N/A £1,013.56
Projection based on annual interest option with interest paid into the account (compound interest). The 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 during the 12 months of the projection.

How do I open and manage my account? Eligibility

  • To apply you must be a UK resident or a resident in the UK for tax purposes – this doesn’t include the Channel Islands and the Isle of Man
  • To apply you must be aged 18 or over

Opening and managing your account

  • You can apply for an account online
  • You can manage your account online through your online banking page
  • Minimum balance to open the account is £500
  • The maximum balance of the account is £2 million

As this is a fixed term product you will not 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.

Can I withdraw money? 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.

All closure requests must be sent in writing to the address shown in clause 54 of your terms and conditions including 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 (Please see clause 26 in your T&C for how this is calculated) meaning you could get back less than you originally invested. Partial withdrawals are not permitted.

When your Bond matures, your money will be moved into a variable rate account. We will 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.

Additional information Interest is paid gross without tax deducted.