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What is a Growth Bond? watch

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    Basically I want to save some money in a high interest savings account. I should not need access to this money for the next 4years. I want a saving scheme that allows me to put money in at any time but does not let me take it out for a while or unless I apply for it.

    I saw this Growth Bond

    What is it?
    Is it what I am looking for?
    Is there a chance I would lose any money or will me money only increase?

    Thanks
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    I think you get a higher interest rate because they know you aren't going to take the money out, so have more time to invest it and such.
    I think Growth bond is just the post office's special name for a savings bond.
    You will only lose money if you have to take the money out early, which they charge you a termination fee for.

    This has a higher interest rate, and gives you more details about the whole process.
    http://www.lloydstsb.com/savings/term_deposit.asp
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    Thanks that's great.
 
 
 
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