Post Office launches issue 6 of Online Saver account

The Post Office announces the launch of a new issue of its popular Online Saver account.  The account offers 3.01% AER and is available immediately.

The new rate includes a fixed bonus of 1.36% for the first 12 months and savers can choose between monthly and annual interest payments.

Online savers will be able to set up their account with as little as £1 and can make unlimited withdrawals with no penalties or notice periods. They will also be able to access their money 24 hours a day, 365 days a year.

Savers who wish to take advantage of the new rate can do so by going to postoffice.co.uk.  The online application takes less than 10 minutes to complete, with the majority of accounts opened on the spot.

Richard Norman, Director of Savings at Post Office, said: "We are pleased to offer an online savings rate which continues to break the three per cent barrier. Not only will savers benefit from a great rate of return, they will have the flexibility and reassurance of unlimited access to their money with no penalties for doing so."