Post Office launches new issue of reward saver

The Post Office has launched a new issue of its branch based Reward Saver account.  The account offers a rate of 3.00% AER variable which includes a 12 month bonus of 1.25%.

Reward Saver offers flexibility to savers depending on how quickly they need to access their money.  Easy access withdrawals can be made with the loss of the 30 days interest on the amount withdrawn, or penalty free, provided 30 days notice is given.

Reward Saver continues to be 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 Jan 2013.

The account can be accessed in-branch, by phone and post.

Post Office Director of Savings and Investments, Richard Norman, said: "The new issue of the Post Office Reward Saver account further demonstrates our dedication to branch savers.  The best buy rate will help more people make their money work harder for them."

To find out more about the Reward Saver or any other Post Office savings product, visit postoffice.co.uk/savings.