Post Office improves bond and ISA rates - 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 improves bond and ISA rates

Post Office improves bond and ISA rates

Category: Savings

Updated: 01/08/2011
First Published: 22/07/2011

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 It is now over 6 months old so the content may be out of date.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 reviewed the rates it pays on its Fixed Rate ISAs and Growth Bonds to positive effect.

Rates have been improved over all terms, so that the Growth Bonds now pay the same competitive rates as the online bonds.

A rate of 3.41% over one year, 3.96% over two years and 4.21% over three years leaves all the bonds amongst the market leaders in their fields.

The two year fixed rate ISA has seen the biggest rise, moving from 3.45% to a market leading 3.75%.

At the same time, both the one and three year ISAs, paying 3.20% and 4.00% respectively, are amongst some of the best accounts for their respective terms.

The fact that transfers in are permitted will add to their appeal, as savers look to maximise their tax free returns.

Early closure of the bonds is subject to a fee, while for the ISAs, early closure or transferring out is at a cost of 90 days' interest.

Four out of five Moneyfacts stars are well deserved.

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 Any products featured may be withdrawn by their provider or changed at any time.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 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

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.
 
Close