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MSE News: Post Office cuts rates, but only tells savers after
Comments
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Thanks again Innovate. I had seen the Issue 9 T&C but couldnt find the Issue 5's online either. I may ask The Post Office to supply them if I cant find them. Looks like I will just have to wait until 25 Feb then transfer the lot to my Natwest easy access at 2.85%! which runs until Oct. After that I think I shall just spend the lot before inflation consumes it all :-)0
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You know you can atm get 3% in current accounts at Lloyds, BoS and Santander? It's variable too, so no idea how long it lasts. Also the absolute max you could stash away in these is £50K in total. The Santander costs £2/mth but you might be able to get cashback for Direct Debits. And Quidco/TCB might still do cashback for opening a Santander 123.0
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Yes thanks for that. The problem is I am already maxed out at £85K with other cash products at those three. One of the reasons I went for the Post Office was that I was trying to spread cash assets to avoid exceeding the magic number at any licenced entity. I also use HSBC, Nat West/RBS and Marks and Spencer. Running out of places to put it!0
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I know the feeling.....if you don't need all the cash anytime soon, there is always investments. Good luck, anyway!0
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Innovate, Many thanks for the help, advice and clarification.0
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does anyone know how you close the Post Office savings account?
It's easy to withdraw money, but I cant see on the site how you close the account and have everything, including all interest, transferred to your nominated current account?0 -
Their online offer is limited and I believe you need to contact the call centre or write to them to effect a closure.0
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Shaun is right-
Call them on 0845 602 3409
or write to
Post Office Savings
PO Box 5179
Brighton
BN50 9UY
(Taken from thier Guide to Savings Booklet - PDF Version here..
http://www.postoffice.co.uk/sites/default/files/Premier_Cash_ISA_KIP.pdf )"It's nice to be important but more important to be nice"
John Templeton 1912-20080
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