Post Office launches new Online Bond and Online Saver accounts

The Post Office has launched new issues of its popular range of Online Bonds and Online Saver account, all of which offer table topping rates.  The new rates are available to customers immediately at postoffice.co.uk and the simple online application process takes just minutes to complete.

Online Saver Issue 4

Online Saver offers a rate of 3.01%, gross/AER.
The Online Saver offers customers 24/7 access to their money.  Accounts can be opened with as little as £1 and customers can make unlimited withdrawals with no penalties.  The rate includes a fixed bonus of 1.36% gross/AER for 12 months from account opening.

A monthly interest option is also available offering 2.97% gross/3.01% AER (including a 1.35% gross/1.36% AER fixed bonus for 12 months from account opening).

Online Bond Issue 5

Online Bond Issue 5 offers rates of up to 4.21% gross/AER.

1-year - 3.41% gross/AER2-year - 3.96% gross/AER3-year - 4.21% gross/AERRates based on annual interest

The Online Bond can be opened with a single deposit of a minimum of £500,

Post Office Director of Savings Richard Norman said: "Savers are continuing to suffer as the Bank of England Base Rate remains at a historic low.  We aim to offer our customers s consistently competitive rates of return and a safe home for their money and these accounts do just that.  Both accounts offer easy online management combined with some of the best rates in the market."