Post Office goes online for savers - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Post Office goes online for savers

Post Office goes online for savers

Category: Savings

Updated: 25/08/2010
First Published: 24/08/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Post Office has entered the internet savings market with a flourish.

At 2.75%, its no notice savings account sits just below the current market leader and so should prove very popular with savers looking for the security of a trusted high street name combined with the convenience of the internet.

With the account including a 1.25% bonus for a year, savers will have to review its competitiveness when the bonus disappears.

Meanwhile, the one year bond paying 2.80% is good enough to make it a top ten rate.

It offers the added benefit of early closure on 90 days' loss of interest, so should also prove attractive to internet savers.

A rating of four out of five Moneyfacts stars is the Post Office's reward.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.

How to make your savings go further this year

The start of a new year is always a good time to sort out your finances, and this year, focusing on your savings should be at the top of the agenda. We’ve got a few tips and tricks to help make your savings go further in 2017.
 
Close