Post Office Savings

Full product details for the Post Office Savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges. Apply online now.cards mortgages utilities
 Post Office CompareCompare Post Office savings details against other savings or use our savings comparison tables.

Did you know Post Office also provide credit cards, travel insurance and motorbike insurance?

Company:Post Office Ltd
www.postoffice.co.uk
Post Office Ltd Instant Saver
Post Office Ltd
www.postoffice.co.uk
Post Office Ltd
Post Office Ltd
www.postoffice.co.uk
Post Office Ltd
Product:Instant SaverCash ISA1 Year Growth Bond
 detailsdetailsdetails
Apply via this site:ApplyNot availableNot available
 CompareCompareCompare
Savings Details 
Account Type:Instant AccessCash ISATerm
Rate Type:bbrvariablefixed
Headline Interest Rate:5.75%6.25%6.75%
Interest Rate Guarantees:tracks bbr until 01/01/10no lower bbr - 0.25% until 01/01/10n/a
Application Criteria 
Existing Customer Only:nonono
Minimum Age:11160
Restricted Availability:nonono
Area Restrictions:nonenonenone
Minimum Investment:£500£1£500
Maximum Investment:£1,000,000n/a£1,000,000
Minimum Balance:£1£1£500
Maximum Investment pa:n/a3600n/a
Maximum Balance:n/aUnlimitedn/a
Introductory Rates 
Introductory Bonus:1.50%1.50%0%
Incentives Offered:nonono
Rates 
Tax Free:noyesno
Open-ended Bonus:0%0%0%
Bonus Payment Conditions:12 months intro bonusintro bonus for 2008/2009 tax yearn/a
Rate Tiers:nonono
Fixed Term:n/an/a1 year
Fixed Term in Months:n/an/a12
Fixed Interest Rate:n/anoyes
Fixed Rate Period:n/an/a1 year
Term Period:n/an/a12
Interest Payment Freq:annuallyannuallyannually
Managing Account 
Instant:yesn/an/a
Passbook:nonono
Transactions at Branch:yesquarterlyyes
Statement Frequency:annuallyyesmaturity
Transactions by Phone:yesnono
Transactions by Internet:yesnono
Transactions by Post:yesyesyes
Special Access:yesnoyes
Withdrawal Conditions:yesnoyes
Transfers In:n/ayesn/a
Transfers Out:n/ayesn/a
Closure Before Maturity:n/an/ano
Transferred on Maturity:n/an/amaturity account
Fees & Charges 
Penalty on all Wdls:non/an/a
Trans Notice/Pen/Charge:n/ano notice, penalty or chargen/a
Transfer Notice:n/a0n/a
Transfer Penalty:n/a0n/a
Transfer Charge:n/a0n/a
Withdrawal Notice:n/a0term
Withdrawal Penalty:n/a0n/a
Withdrawal Charge:n/a0n/a
W/d Notice/Penalty/Charge:n/ano notice, penalty or chargen/a

Compare Post Office Savings

CompareType   Interest Minimum
Balance
Manage 
AER% Paid
Provider Results
Post OfficePost Office Instant Saver
Rate includes 1.5% intro bonus for first 12 mths. 6 free withdrawals per year, then cost £1.
More Details: Post Office Instant Saver
Apply
Instant Access-5.75%annually£1yesyesyes
Post OfficePost Office Cash ISACompare
Cash ISA-6.25%annually£1yes
Post OfficePost Office 1 Year Growth BondCompare
Term-6.75%annually£500yes
Post OfficePost Office 3 Year Growth BondCompare
Term-6%annually£500yes
Post OfficePost Office 5 Year Growth BondCompare
Term-6%annually£500yes
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ArrowCompareCompare details 'side by side' of up to 3 saving accounts at a time.
Products listed under 'Most Popular' are the most popular products that can be applied for via money.co.uk.

Post Office Savings Accounts Benefit from 'Flight to Safety'

By Peter Wakeford
Published on 2 Oct 2008
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The organisation's savings accounts are operated by the Bank of Ireland - which now offers depositors a 100 percent protection guarantee.

Savings accounts at the Post Office are becoming increasingly popular, with customers looking to safeguard their deposits.

The Post Office - whose accounts are managed by the Bank of Ireland - is doing particularly well because it offers a 100 percent guarantee for all savings deposited. Irish lawmakers passed a bill today on the guarantee, in order to shore up confidence in the nation's banking system following the market instability of recent days.

By contrast, the UK is only to offer a guarantee for the first £50,000 of savings, up from its previous level of £35,000. Therefore, the two percent of British savers who have over £50,000 in a single account will risk losing money if their bank collapses.

Speaking to the Daily Express, a Post Office spokeswoman said: "Since the amount that was protected was first changed, we have seen an increase."

[Back to top of article]

Investment expert Stephen Ford at Brewin Dolphin added that people with exposure to the equities markets were also looking to the Post Office as a safe haven. "Yesterday we were inundated with calls from clients asking not about their share portfolios but where they should be putting their cash," he said.

"All our clients are asking if they should move their money. They are aware that basically Northern Rock and the Post Office are the only fully underwritten banks in this country. The Irish banks now look to be the safest in Europe."

Compare savings accounts via money.co.uk

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