Post Office ISAs stay in the top 10 | Product News - Moneyfacts

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Post Office ISAs stay in the top 10

Post Office ISAs stay in the top 10

Category: Savings
Date: 19/12/2014

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 It is now over 6 months old so the content may be out of date.

Post Office has reviewed its savings offerings and amended rates by up to 0.20%, allowing two of its ISAs to retain their places among the top 10 of their respective sectors.

The basics…

Premier Cash ISA Issue 8 now has a rival-beating rate of 1.50% yearly, including a 0.85% bonus for 18 months, retaining its position among the best buys.

Meanwhile, the one-year Fixed Rate Cash ISA Issue 14 now pays a competitive 1.55% per annum and its two-year equivalent has a yearly rate of 1.95%, allowing both to remain on the Moneyfacts charts.

The finer details…

Premier Cash ISA can be opened in branch and by post with an initial deposit of at least £100. It can then be managed by post and phone. Two withdrawals can be made per cash year, after which the account will be closed or transferred. Further additions (which can also be made in branch) are welcomed and transfers in are also permitted. No penalty is applied for transfers out of this account.

Fixed Rate Cash ISA requires an opening deposit of £500. It can be opened by branch or post and then managed by post or phone. Transfers in are allowed, although transfers away will result in a 90-day loss of interest penalty. Further additions are not permitted while early access will result in closure of the account a loss of 90 days' interest.

Why we like them…

These ISAs offer eager savers the promise of decent returns, with both holding top-10 rates. Neither requires large opening deposits, and both allow transfers in of cash and stocks & shares ISAs, which is sure to appeal to investors.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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