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Red letter rates from the Post Office

Red letter rates from the Post Office

Category: Savings

Updated: 05/11/2010
First Published: 05/11/2010

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 It is now over 6 months old so the content may be out of date.

The Post Office has significantly increased the returns available on its Reward Saver account.

The product now pays 2.75% (+0.25%) and monthly options have also been increased. The rate includes a 1.00% (0.99% monthly) introductory bonus for 12 months.

It is excellent news for investors to see Post Office increase the rate on its popular 30 day notice account.

At 2.75%, it is a market leader in its field and should prove very popular with investors who want the comfort of a trusted high street name. The fact that earlier access is allowed albeit subject to 30 days' loss of interest (minimum £1) will add to its appeal.

Investors will need to review their position after 12 months when the 1.00% bonus expires as the underlying rate may not be as competitive.

Five out of five Moneyfacts stars have been awarded.

*Product and rate information and availability is correct as of the date of publication (shown at the top of the article). Products may be withdrawn by their provider or changed at anytime.

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 Any products featured may be withdrawn by their provider or changed at any time.

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