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Post Office launches Reward Saver and Premier Cash ISA

27th November 2012 Print

The Post Office has launched two new offerings - Premier Cash ISA and Reward Saver. Both products are available immediately.

The Reward Saver has a rate of 2.25% gross/AER variable and reflects the need for greater flexibility within savings accounts by offering savers two withdrawal options, depending on how quickly they want to access their money. There is no limit to the number of withdrawals made per year.

The Premier Cash ISA offers 2.25% tax-free/AER variable and allows savers to take advantage of their tax-free cash ISA allowance this year or consolidate their existing cash ISAs into one account.

Both products are backed by the Post Office ‘Savings Promise'. The promise is unique to the high street, guaranteeing to match any Bank of England base rate changes until 1 January 2013.

Henk Van Hulle, Head of Savings at Post Office, said: "The launch of the Reward Saver and Premier Cash ISA demonstrates the Post Office's on-going commitment to delivering products that are consistently competitive, but flexible enough to offer people a variety of ways to make the most out of their money. We know that many savers are feeling the squeeze, and are looking for ways to make their money work for them."

The Reward Saver and Premier Cash ISA can be opened in branch, by phone or by returning the application form which can be found online at