The Post Office is striking out to good effect with its re-entry into the fixed rate Cash ISA market.
This second issue of Fixed Rate Cash ISA requires a minimum investment of £500 for a term of one year and pays 3.00% on maturity.
Previous ISA allowances can be transferred into the account too.
Early access to the funds is allowed on closure of the account, although 90 days' interest will be lost. The same penalty applies to transfers out.
Offering a rate just shy of the very best in the market, this product earns four out of five Moneyfacts stars.
"Cash ISAs are one of the simplest savings products available and with the Post Office Fixed Rate Cash ISA, you can make the most of your tax free allowance as well as benefiting from an extremely competitive rate of interest," said Richard Norman, director of savings and investments at the Post Office.
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