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POST OFFICE MONEY LAUNCHES NEW SAVINGS RATES

Press release   •   Jul 29, 2015 17:49 BST

  • Post Office Money has today enhanced its range of savings products by increasing the rates on several products
  • New offers include changes to its Online Saver and Online Bond
  • Marks Post Office Money’s commitment to becoming a top five financial services provider by 2020 by offering competitive products

Post Office Money has today increased the interest rates on its Online Saver and Online Bond products (1 year term).

Product Rate
Online Saver Issue 15 1.40% gross*/AER** Variable
Online Bond Issue 15 1 year: 1.77% gross*/AER**
Fixed 2 years: 1.96% gross*/AER** Fixed
3 years: 2.11% gross*/AER** Fixed

Henk Van Hulle, director at Post Office Money comments: “Our new, increased savings rates show that we are committed to supporting our customers by offering them a competitive return on their savings. It is important that people can see the benefits of developing a savings habit and we want to help them however we can.

“We know how important it is to offer customers a choice in how they manage their money, which is why our products are available online, over the phone, or in one of our 11,500 branches. It is important that people find a way of saving that best suits their individual needs and requirements, and we hope these new rates help them to reach their financial goals – whatever they may be.”

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.

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