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
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