You might remember that before Christmas, we told you about how Post Office was making headlines in the Savings world by being featured on Good Morning Britain, and being named as the top provider for our easy access online savings account in Money Saving Expert’s newsletter. And now the New Year brings more good news as we’ve has improved our Savings rates in both our Online and Branch product ranges!
On 3 January 2018, we increased our rates for Online Bond and Online ISA. Following this, on 11 January we increased our rates for most of our Branch Savings products – Premier Cash ISA, Fixed Rate Cash ISA and our Growth Bond. Which is great news for customers looking for savings opportunities!
Daryl Hopkins, Senior Manager Post Office Money Savings, said “The Savings market continues to be a challenging environment for our customers despite the Bank of England’s recent increase to its base rate. So it’s great news that we are able to improve our rates across our product range. Our very competitive position in the High Street Market means that we have a really great offering for customers who are thinking about saving with Post Office Money”
These changes are being recognised by experts in the financial world. As at 23 January 2018, we are joint second in Martin Lewis’ list for Easy Access Savings. And our rate increase means that both our Branch range - our Instant Saver, Growth Bond, Fixed Rate Cash ISA and Premier Cash ISA – and our Online Products – Online Saver, Online ISA, and Online Bond – all sit very competitively in comparison tables against the main High Street Banks! Great news for those thinking of taking out a Post Office savings account!