Bonds Interest Rate

Is it safe to leave investment in UK post office income bonds?

Public Comments

1. ITS GOVERNMENT BACKED SO SHOULD BE OK. BUT WHAT HAPPENS IF ALL BANKS CRASH......
2. Such bonds are guaranteed by the UK government and so is safe.
3. as it stands at the moment, yes, the government will cover all savings up to about 100K I think, so if you have more than that stashed away in the PO, u need your head read!!
4. They are invested in the Irish National Bank and the Irish government have guarantee all savings to be safe.
5. I cannot be sure but I think Post Office investments could well be placed in Ireland and are not UK government backed. Even investments in UK government bonds could be suspect with the Labour Government's cavalier attitude to borrowing, recession now confirmed and the exchange rate in free fall; we should be concerned about the financial worth of our country in global terms.. All of us who have saved for retirement are seeing a fall in the value our investments, savings and incomes can only hope that when the government starts raising taxes we can all survive without a rise in violence against those who have by those who do not.. Can the government pay our pensions if the financial cupboard is bare and with unemployment beginning to dramatically rise we have to beg the question, can we survive and could our country become bankrupt? It is time for a coalition of the best minds in our country to face the challenge and for us all to accept that the good times are well behind us. Party politics are dead.
6. UK Post office savings are covered by the Irish government protection scheme. The growth bonds are provided by the Bank of Ireland. The following information is taken from Irish Government statements: 30 September 2008 The Government has decided to put in place with immediate effect a guarantee arrangement to safeguard all deposits (retail, commercial, institutional and interbank), covered bonds, senior debt and dated subordinated debt (lower tier II), with the following banks: Allied Irish Bank, Bank of Ireland, Anglo Irish Bank, Irish Life and Permanent, Irish Nationwide Building Society and the Educational Building Society and such specific subsidiaries as may be approved by Government following consultation with the Central Bank and the Financial Regulator. Further details on schemes relating to offshore and UK accounts is here http://www.carpetbagging.co.uk/id5.html
7. For the moment. The problem is going to be inflation. At some time in the future, as we come out of the recession you really want to be invested in assets. Do you need income?
8. these bonds are govt back so in this present economic conditions its safe to invest in post office bonds as long as they beat inflation. if inflation is more than income you get from these bond than think over them again because inflation will eat up all your gains in real term .