Good3.4

66% of customers recommended from 82 ratings

The Post Office Limited offer savings accounts which can be found and applied for in branch and online. The Post Office Limited is included within the Financial Services Compensation Scheme (FSCS). The Post Office Limited acts as a representative of Bank of Ireland (UK) plc, and are regulated and authorised by both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Compare Post Office Savings

Investment ISAs are tax-efficient wrappers for long term investments. You may get back less than you pay in because your capital isn't guaranteed and charges may apply. Your personal circumstances will determine how much tax you pay on your investments and returns; tax laws may change.

Post Office 3 Year Online Bond Issue 13
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
2.31% fixed
for 3 years
Protection Scheme
FSCS
Open Account
Online
Post Office 3 Year Fixed Rate Growth Bond Issue 24
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
2.3% fixed
for 3 years
Protection Scheme
FSCS
Open Account
Branch, Phone & Post
Post Office 3 Year Fixed Rate Cash ISA Issue 14
Account Type
Cash ISA
Open With
£500
Interest Rate (AER)
2.1% fixed
for 3 years
Protection Scheme
FSCS
Open Account
Branch & Post
Post Office 2 Year Online Bond Issue 13
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
2.06% fixed
for 2 years
Protection Scheme
FSCS
Open Account
Online
Post Office 2 Year Fixed Rate Growth Bond Issue 24
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
2.05% fixed
for 2 years
Protection Scheme
FSCS
Open Account
Branch, Phone & Post
Post Office 2 Year Fixed Rate Cash ISA Issue 14
Account Type
Cash ISA
Open With
£500
Interest Rate (AER)
1.95% fixed
for 2 years
Protection Scheme
FSCS
Open Account
Branch & Post
Post Office 1 Year Online Bond Issue 13
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
1.71% fixed
for 1 year
Protection Scheme
FSCS
Open Account
Online
Post Office 1 Year Fixed Rate Growth Bond Issue 24
Account Type
Fixed Bond
Open With
£500
Interest Rate (AER)
1.7% fixed
for 1 year
Protection Scheme
FSCS
Open Account
Branch, Phone & Post
Post Office 1 Year Fixed Rate Cash ISA Issue 14
Account Type
Cash ISA
Open With
£500
Interest Rate (AER)
1.55% fixed
for 1 year
Protection Scheme
FSCS
Open Account
Branch & Post
Post Office Premier Cash ISA Issue 8
Account Type
Cash ISA
Open With
£100
Interest Rate (AER)
1.5%
inc. 0.85% bonus
for 18 months
Protection Scheme
FSCS
Open Account
Online, Branch & Post
Post Office Online Saver Issue 13
Account Type
Easy Access
Open With
£1
Interest Rate (AER)
1.4%
inc. 0.75% bonus
for 12 months
Protection Scheme
FSCS
Open Account
Online
Post Office Reward Saver Issue 8
Account Type
Notice
Open With
£500
Interest Rate (AER)
1.35%
inc. 0.70% bonus
for 12 months
Protection Scheme
FSCS
Open Account
Branch, Phone & Post
Post Office Instant Saver Issue 5
Account Type
Instant Access
Open With
£500
Interest Rate (AER)
1%
inc. 0.90% bonus
for 12 months
Protection Scheme
FSCS
Open Account
Online, Branch, Phone & Post
Post Office Junior ISA
Account Type
Junior Investment ISA
Open With
£10
Interest Rate (AER)
-
Protection Scheme
FSCS
Open Account
-

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Post Office Savings Reviews

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Got a Post Office savings account? Tell us about your experience because it will help others. Add a review.

Post Office ISA Account

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by markh22

Best value around at the moment for instant access. Very quick and easy to apply and was opened within the week. Had a small problem - I did not get sent a card so I could pay money in, but a quick phone call sorted that, and one arrived later that week. ISA transfers are allowed and went through smoothly from my previous ISA provider.

Quick and easy to apply

Can't take money out at the PO

by , 3 months ago report review

Shame they are closing the post offices

Satisfactory

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by simons720

I opened a PO instant saver some years ago as I live round the corner to a post office and felt it would be handy to pay in money and get cash when I needed some. Also I often use the PO for holiday currency so could withdraw to pay that. Like other savings accounts interest is minimal at the moment so no good if you want to raise income but I got it or the convenience if I couldn't get to a bank or shop for cashback.

Convenience

Low rates

by , 1 month ago report review

Post Office Savings instant access account cannot be accessed! Terrible service

Poor

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

My experience of using Post Office Savings was almost identical to that of reviewer 'chrisg86'! I had an instant access account and was able to deposit monies and access statements however was unable to transfer monies out. I informed PO of this problem via their email which is accessed via the savings account but they failed to get back to me within their stated 3 days. I then phoned them only to be told by the rep that they could not do anything as it appeared to be a technical issue. 5 days later I heard nothing so phoned again only to have the rep tell me the only thing she could do was to again refer the matter to their technical dept. Despite this being an instant access account, the only option left was to close my account via letter and have my monies refunded in full. The Post Office was not even courteous enough to apologise for/ respond to any of the matters raised in my letter, simply sent me a closure statement - absolutely dreadful service; I advise that you avoid like the plague!

by , 26 May 2014 report review

Online Saver (Issue 4)

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by sgbarw

For those who want to earn a reasonable interest rate without locking their money away, the Online Saver account from the Post Office is worthy of consideration. If you choose the annual interest option you'll get a variable rate of 3.01% gross, while the monthly interest option yields a gross rate of 2.96%. The account gives you unlimited free withdrawals and access to your money 365 days of the year via the Post Office website. This account is managed exclusively on-line and as such it is not suitable for those who cannot or do not want to manage their money via the web. Also, there is a 12 month introductory bonus of 1.36%, after which time the saving rate takes a nose dive. Be sure you put a note in your dairy to shift your savings after 12 months.

Reasonable rate, free withdrawals

On-line only, 12 month introductory bonus

by , 28 Feb 2012 report review

National Saving Account with the Post Office

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by lorri14

I have had this savings account for many years now, it is a basic account that suits my currnet circumstances. The interest rate is not great and it is easy to use. When I mislaid my account book, it was easy and straightforward to obtain a replacement. The customer services department is very good and the staff are always helpful and courteous.

simple saving account

sending off for cash withdrawal

by , 1 month ago report review

Post Office Instant Saver

Poor

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Service in my local PO branch in connection with this account and with other services was and is very good. This savings account (administered by the Bank of Ireland), however, was terrible. No interest was paid on balances below £500. Penalties were applied if more than four withdrawals were made in the space of twelve months. After the expiry of an initial "teaser" rate, the interest rate plummeted. When I closed the account recently, the rate on balances above that figure was only 0.1 %.

Convenience of using PO branch

Poor interest rate

by , 3 months ago report review

Post Office Savings - awful customer service

Poor

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Trying to close and settle the account of my grandfather who sadly passed away. Can't get any answers over the phone. Keep getting fobbed off and they don't reply to emails. Absolutely terrible.

by , 3 months ago report review

Post Office fixed rate savings account

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by evelynw5

I have held this account for a year. I am happy with the fixed interest rate. At 3% it is better than that offered by other institutions. Unfortunately the account only offered this rate for one year so I am now looking for somewhere else to transfer my money to.

Good interest rate in the present economic climate.

Fixed rate only applied for one year.

by , 27 Jun 2013 report review

Post Office savings accounts

Satisfactory

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

The rates dipped on this one just as i moved a chunk of money into a bond. Will move this asap! On the plus side, the internet service is easy to use and easily available.

Ease of access

Low rates dipped

by , 19 Jul 2013 report review

Rate too low now

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

This was one of the accounts with instant access, paying 3.00% interest however now down to around 1.25%. Shall be moving soon!

Ease of applying for money, online access

Rate too low now

by , 28 Jun 2013 report review

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