Post Office Instant Saver increases interest rate

Money News

www.moneynews.co.uk > Banking > Post Office Instant Saver increases interest rate

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Post Office Instant Saver increases interest rate

The Post Office Instant Saver has been immediately affected by today's Bank of England base rate hike, seeing an increase in the rate offered to customers.

An increase of a quarter of a per cent puts the Post Office Instant Saver's new rate at 5.5 per cent, following the second base rate rise since last August.

Guaranteed to keep its rate within one per cent of the base rate, the Post Office Instant Saver enables account holders to make as many as six withdrawals per year without incurring a charge.

Richard Norman, head of savings, stated: "With interest rates increasing three times in the past six months, Post Office Instant Saver customers have benefited each time from our commitment to match Bank of England base rate changes until January 2008."

Customers are able to manage their account either online, within a Post Office branch or by phone and the Post Office Instant Saver is available to anyone who is over the age of 11.

Related News : Banking

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Post Office

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet