A new flexible cash ISA that allows customers to spread their tax-free savings across variable and fixed rate products in one place online The Online ISA will allow customers to consolidate all their ISAs and spread or split their savings across various rates in one tax-free account First new product launched by Post Office Money as it looks to challenge the savings
Post Office today announces the launch of its new brand, Post Office Money, which will bring together all of its multi-award winning financial products under one umbrella. This is a significant step to cement the Post Office as one of the UK’s leading financial service challengers and continues its successful joint venture with the Bank of Ireland.
• 14 million people plan to make a big financial change in 2015 • Clearing debts (18 per cent) and taking greater control of their money (16 per cent) this year is key for many UK adults • Climbing the property ladder is a top priority for 2015, with a fifth (18 per cent) planning to move or buy their first home
• Post Office’s Matched Credit Card offers 0% on purchases for 16 months and 0% on balance transfers for 16 months (2.98% balance transfer fee applies) • No cash fee when the card is used to buy travel money at the Post Office
• Post Office improves its Platinum Credit Card – with 0% on balance transfers for 18 months and a reduced fee of just 0.79%1
• The NYE night in trend continues with 1.5 million people more than last year opting to stay in • ….but damages from house parties costs £127
• 19TH December is the busiest day for phone/online Post Office International Payments • A transaction will be processed every 90 seconds • One in 10 will send cash as a Christmas gift • USA, Spain and Australia the most popular destinations for money transfers
The average UK house price increased by £29,339 over the last year – more than the average UK wage (£27,271) More than three in five workers earned less than the average UK property appreciated in value over the last 12 months London homes earned £80,000 in the last year – nearly twice as much as the average salary in the capital
- The poorest 20 per cent of UK households have had no potential savings1 – money available to save - since 2002 - Meanwhile, the highest-earning 20 per cent of the population will have an average £18,680 to save this year - The savings gap between the richest 20 per cent and the poorest 20 per cent currently stands at over £20,000
Post Office has today launched six market-leading mortgage deals. The new products include a two year fixed deal at 60% LTV at a rate of 1.54% (£1,995 arrangement fee), as Post Office enters the current rate fray.
- Parents expect to spend £2291 on keeping their children amused over half term - Week of woe: Nearly two thirds of parents (62 per cent) are worried about covering the costs - A third (31 per cent) will dip into their savings and 22 per cent plan to work overtime to make up the shortfall
- Attractive products include Online Saver, Reward Saver and Cash ISA - Products are available online, in-branch, by phone or by post
