Post Office boosts Instant Saver rate
The Post Office is increasing the rate on its Instant Saver account from 5.75 per cent to 6.00 per cent* following today’s rise in the Bank of England base rate.
The new rate will be available to new and existing Instant Saver customers from August 1 2007.
Post Office Head of Savings Richard Norman said: “The Post Office® continues to be one of the few savings providers to consistently pass on base rate rises in full to customers, and we guarantee to do so until 2010.”
Post Office Instant Saver also guarantees to remain within 1.0% of the Bank of England base rate for the life of the account and offers six free withdrawals a year with a flat fee of just £1 for future withdrawals.
Instant Saver is available at all of the UK’s 14,000 Post Office branches, by telephone and online. Withdrawals can be made both at branches and ATMs, offering unrivalled choice and convenience.
*This includes a 1.0% bonus for 12 months from the date of account opening.
