- Post Office Money bucks the trend by raising the interest rate on its Online Saver to 1.01% gross/AER* variable
Post Office Money continues to provide some of the best savings rates on the market with table topping increases to its Online Saver rate of 1.01% gross/AER* variable. The new rate will be available online to customers from Thursday 5th January 2017.
Online Saver interest rate has been increased from 0.90% to 1.01% gross/AER* variable including a 12 month fixed bonus of 0.76% gross/AER* variable, after which the underlying rate will revert to 0.25% gross/AER* variable. Customers can make unlimited deposits and withdrawals on this account.
Applications are available online only.
Pete Wood, Head of Savings for Post Office, said: “Post Office Money continues to challenge a tough savings environment by increasing the interest rate on its Online Saver rate, currently offering the most competitive rate on the market.
“Not only does our Online Saver have a very attractive interest rate but also offers savers excellent features such as minimum deposits of £1 with unlimited deposits and withdrawals.”
About the Post Office
Post Office Limited has an unrivalled national network of over 11,600 branches across the UK, more than all the high street banks combined, and sits at the heart of many communities across the country.
It provides around 170 different services and products spanning financial services including savings, insurance, loans, mortgages and credit cards. Post Office also offers Government services, telephony, foreign currency, travel insurance and mail services.
99.7% of people live within three miles of their nearest Post Office outlet. For many rural communities the Post Office is the only retail outlet. Post Offices remain highly valued and trusted and are the focal point for many communities. For more information, visit www.postoffice.co.uk.