Post Office launches new Reward Saver - Savings - News - Moneyfacts

News

Post Office launches new Reward Saver

Post Office launches new Reward Saver

Category: Savings

Updated: 10/01/2012
First Published: 10/01/2012

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 It is now over 6 months old so the content may be out of date.

The Post Office has launched a new issue of its Reward Saver, paying improved rates.

The Reward Saver Issue 2 pays 3.00% yearly (2.96% monthly) including a 1.25% (1.22% monthly) bonus for 12 months.

This new issue of Reward Saver sees an increase in the overall rate of 0.25% to 3.00% achieved by way of an increase to the bonus to 1.25% for 12 months.

The new rate offered is a market leader in the 30 day notice sector, however it can be beaten by no notice accounts with an introductory bonus.

The monthly option at 2.96% should also appeal to those looking to supplement their incomes.

A review will be required in 12 months when the bonus expires.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close