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

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

Post Office launches new Reward Saver

Post Office launches new Reward Saver

Category: Savings

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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

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.