Post Office Money has increased the rates paid on selected savings accounts by up to 0.16%. One of the deals to benefit was its one-year fixed rate ISA, which has improved its standing in the Moneyfacts charts as a result.
Online ISA – 1 Year Fixed Rate Issue 3 now pays 1.67% yearly, enabling it to sit comfortably among the top 10 accounts of its sector.
The finer details…
This account must be opened and operated online with a minimum investment of £500. Savers should note that a holding account will be automatically opened alongside the ISA for transactional purposes.
Additional deposits are not permitted but it is possible to transfer in existing ISA funds. It is also possible to access funds prior to maturity by closing the account and forgoing 90 days' interest, the same penalty as applies to transfers away from the account.
Why we like it…
Savers looking for a good short-term home for their savings are likely to be intrigued by the rate increase to this deal. It now pays a solid top-10 rate and also offers surprising flexibility in terms of transfers in and early access to funds, securing its coveted position on the charts.
Moneyfacts rating: Excellent
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