Post Office Guaranteed Equity Bond now out

Jim_B_3

The post office is offering a new issue of the GEB; based on the FTSE 100, 75% of any gains over three years, or 110% over five years, with the usual security that you will at the very least get back the amount you put in.

I've been waiting for the Post Office GEB for a while; now that it's here, I'd like to ask if anyone is aware of other GEBs available at the moment offering better deals.

Jim.

Stonk

Assuming you are intent on having a GEB, then within that realm there are better percentages available. Maybe not right now, but they'll come along. I think there was a 5-year 150%-er recently, and I recall several 130%-ers.

ReportInvestor

The guy i/c the Post Office used to be i/c National Savings where the % for 5 years was 125%. 125% was also the growth of the last Post Office GEB.

110%, if the gain is subject to income tax - as it was at National Savings - isn't worth it IMHO.

Link to some news about it - but not about the tax status of the GEB

dunstonh

Thats an awful version.

These products are bad enough as it is but that has to be one of the worst yet.

Jim_B_3

I note that the minimum return of your original investment (slightly devalued, of course, due to inflation) is not common to all GEBs - does that count for much in assessing this?