Post Office launches competitive range for UK savers

Post Office is to launch a number of savings products with new, improved rates across the majority of its range. The revision includes new issues of its Online Saver, Reward Saver, Growth Bonds, Online Bonds, and Cash ISAs. The new issues are available to customers from Friday 12th September 2014.

The new range includes:

Online Saver Issue 12: 1.40% gross/AER Variable

Reward Saver Issue 7: 1.35% gross/AER  Variable

Premier Cash ISA Issue 7: 1.55% tax-free /AER  Variable

Growth Bond Issue 23:

One year – 1.80% gross/AER Fixed

Two Year – 2.05% gross/AER Fixed

Three Year – 2.20% gross/AER Fixed

Online Bond Issue 12:

One Year – up to 1.81% gross/AER Fixed

Two Year – up to 2.06% gross/AER Fixed

Three Year – up to 2.21% gross/AER Fixed

Fixed Rate Cash ISA 13:

One Year – up to 1.70%  tax-free /AER Fixed

Two Year – up to 1.95%  tax-free /AER Fixed

Three Year – up to 2.10%  tax-free /AER Fixed

Henk Van Hulle, Head of Savings and Investments at Post Office, said: “Our new range of products reinforces our commitment to supporting the UK’s savers by providing long-term value and competitive rates. The wide range of products available caters for the varying needs of any number of savers. Whether it is a short or medium-term savings goal, for example an upcoming wedding, or a longer-term aim such as a deposit for a home, Post Office has a suitable savings product for all.

“Post Office recently conducted the Future of Savings study with the Cebr and found that the average amount UK households have available to save is set to fall year-on-year. We understand the ongoing struggle for families trying to put money aside and want to help people make the most of their savings.”

Savers can apply for Growth Bonds, Cash ISAs and the Reward Saver in-branch, by phone or by post. Online Bond and Online Saver are available online only.