Family Investments launches cash bond ISA

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Family Investments has teamed up with the Post Office to launch a new Guaranteed Capital Cash Bond ISA.

Launched this week, the ISA is available from Post Office branches and the Post Office website.

The ISA is the third financial package to be offered jointly by the two organisations in the last 12 months, following cash and equity ISAs launched in September 2008.

“This new ISA is just one of a number of developments we are working on with Post Office,” said John Reeve, Family Investments chief executive.

“Partnering with high street names such as Abbey, Barclays and Post Office has been very successful in driving our Child Trust Fund business and we believe the same approach will grow our ISA offering substantially.”

Last week the Post Office introduced its Overseas Property Money Transfer Service, offering customers the opportunity to fix their exchange rate for up to one year.

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