With one of the most attractive interest rates around, Term Save Plus gives you the potential to really make your money grow. If you have a lump sum of money which you can afford to put away for at least two years, Term Save Plus is the perfect Term Deposit account.
Interest is fixed for the duration of the investment term of 24 months and will be adjusted to the going rate upon renewal. Interest is calculated on a simple interest rate basis, i.e. interest is calculated for the duration of the Term Save Plus on the deposit amount only and not on previously interest earned.
Interest is credited to your Postbank account of choice at the end of each investment term of 24 months or every six months (a lower rate will apply to the six-month option). The Term Save Plus is automatically renewed for another 24 months unless you choose to redeem your funds by application at any Post Office retail branch.