Post Office offers flexible Cash ISAs with competitive rates

As the 5 April deadline for using your tax-free ISA allowance approaches, savers are reminded that they can find a great range of Cash ISA products at the Post Office through postoffice.co.uk, via the telephone or in branch.

ISAs from the Post Office offer flexibility for savers looking to make the most of their £5,100 tax-free Cash ISA allowance - whether they want to put money aside for three years or need instant access for rainy day emergencies.

New customers making in-branch applications for a Post Office ISA must apply by Wednesday 30 March.  Postal applications must be received by Tuesday 5 April in order to have accounts opened and money deposited within the current tax year.

Fixed Rate Cash ISA

Savers can earn up to 3.60% AER tax-free with leading rates on one, two and three year Fixed Rate Cash ISAs. These are ideal for savers who do not need immediate access to their funds. Fixed Rate Cash ISAs can be opened with a minimum deposit of £500.

Cash ISA

The Post Office Cash ISA offers a tax-free rate of 2.25 AER with deposits from £100 accepted, including transfers from other ISAs. The Cash ISA offers leading rates with the flexibility to withdraw cash if you need it.

Post Office Director of Savings and Investments Richard Norman said: “This year savers can deposit up to £5,100 into an ISA for tax-free savings, but if you don’t use your allowance by 5 April, it’s gone. New customers wishing to open an ISA before the end of the tax year need to apply either in-branch by 30 March; postal applications must be received by 5 April. Whether savers want to be able to access their money immediately or prefer to put it aside for a few years, the Post Office offers a wide range of flexible products which cater for all types of savers.”

To find out more about Post Office ISAs and other savings products, visit postoffice.co.uk/savings.