Post Office instant access savings become 'market leading' at 2.90% Go compare with our comparison table

Post Office instant access savings become 'market leading' at 2.90%

21 October 2010 / by Rachael Stiles

The Post Office has increased the interest rates on two of its savings products, making them some of the most competitive on the market.

The Post Office Online Saver now has a rate of 2.90 per cent AER, putting it at the top of the instant access savings account,best buy tables.

The Post Office has also increased the rate on its Online Bond to 3.00 per cent AER.

The Post Office says that this increase in its savings rates reflects its "commitment to offering a wide range of competitive savings products for savers", in line with the other new products they have launched in recent months.

Commenting on the new rates, Richard Norman director of Post Office savings and investments, said: "The Post Office is dedicated to growing and expanding our savings range to give customers not only great value, but also choice and flexibility with their savings.

"The Online Saver and Online Bond have proved extremely popular and these rate increases will help even more people make their money work harder for them."

© Fair Investment Company Ltd

Apply for the Post Office Online Saver »


ProviderAccountInterest Rate (AER)TermApply
1.00%Instant AccessMore Info >
Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
5.00%Current Account
Instant Access
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5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
5.00%Current Account
Instant Access
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5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.
1.50%Current Account
Instant Access
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Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.
0.95%Easy AccessMore Info >
Earn 0.95% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
1.00%Current Account
Instant Access
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Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 1% AER on ALL instant access credit balances, and 0.5% AER on current account balances up to £2,000 until 30 November 2016. From 01 December 2016 the rate will be 0.25% AER (0.25% gross p.a. variable). INTRODUCTORY OFFER: Free for the first 12 months.
0.35%Easy AccessMore Info >
Open with £1,000. Monthly and Annual Interest options. Access - Online, Telephone or Post. No notice period or fees on withdrawals.