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Post Office launches new online savings rate

19th October 2012 Print

The Post Office has announced the launch of a new issue of its Online Saver account. The account offers 2.35% AER and is available immediately.

The new rate includes a fixed bonus of 1.65% 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  The online application takes less than 10 minutes to complete, with the majority of accounts opened on the spot.

Henk Van Hulle, Head of Savings at Post Office, said: "In the current climate we are pleased to offer an online savings rate with a good return as well as an attractive bonus. Savers also benefit from the flexibility and reassurance of unlimited access to their money with no penalties for doing so."