Post Office offers new rates on fixed rate cash ISAs

The Post Office has announced new rates for its Fixed Rate Cash ISAs, offering some of the best rates in the market of up to 3.60% tax-free/AER fixed, all of which will be available to customers from Monday 14 February.

The new rates are:

1-year - 2.90% tax-free/AER fixed
2-year - 3.20% tax-free/AER fixed
3-year - 3.60% tax-free/AER fixed

Fixed Rate Cash ISAs can be opened with a single deposit (minimum £500 and maximum £5100) or by transferring-in a Cash ISA held with another provider (minimum £500).

Post Office Director of Savings and Investments Richard Norman said: "These new rates offer excellent returns for savers wishing to take advantage of their tax-free cash ISA allowance this year, or for those looking to consolidate cash ISAs held with other providers into one high rate Cash ISA. Customers who do not need immediate access to their money can look forward to a guaranteed rate of interest on their tax-free savings for the fixed term."

To find out more about the Post Office Fixed Rate Cash ISA or any other savings product, visit postoffice.co.uk/savings.