Red letter rates from the Post Office - Savings - News - Moneyfacts

News

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 It is now over 6 months old so the content may be out of date.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 Products may be withdrawn by their provider or changed at anytime.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 Any products featured may be withdrawn by their provider or changed at any time.

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