Post Office Premier Cash ISA

The Post Office has announced the launch of its new Premier Cash ISA offering an attractive rate of 1.75% tax-free/AER variable. This will be available to customers from Wednesday 24th July, 2013.

Customers can save from as little as £100 up to £5,760 this tax year and can consolidate all their tax-free savings in one account by transferring-in previous years' cash ISAs held with other providers.
 
Applications can be made in-branch, by phone or by post.
 
The Premier Cash ISA interest rate includes an 18 month fixed bonus of 0.50% tax free from the date of account opening, after which the rate will revert to the underlying rate of 1.25% tax-free/AER variable.
 
Additional Premier Cash ISA highlights include:

2 free withdrawals each tax year.  If a third withdrawal is required in a tax year, savers need to close the account or transfer to another provider. Interest paid annually in March

Customers can make deposits in-branch, by phone or post

Customers can make withdrawals by phone or post

Henk Van Hulle, Head of Savings and Investments for Post Office, said: "Our increased Premier Cash ISA rate bucks the savings trend and offers excellent returns for savers in the current market. Customers can either take advantage of this year's tax-free cash ISA allowance or consolidate their existing cash ISAs into one account."
 
"Taking into consideration the instant access and transfers-in features, our new Premier Cash ISA rate is now one of the best in the market."