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MSE News: Post Office launches market-leading savings account

edited 30 November -1 at 1:00AM in Savings & Investments
14 replies 3.8K views
MSE_KarlMSE_Karl MSE Staff
175 posts
I've been Money Tipped! Newshound! Best Buy Bear
edited 30 November -1 at 1:00AM in Savings & Investments
The Post Office has today launched a market-leading easy-access savings account paying 1.33% interest.

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Read the full story:
'Post Office launches market-leading savings account'

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Replies

  • Hattie625Hattie625 Forumite
    929 posts
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    I've got Charter Savings Bank Easy Access account issue 8, paying 1.31% (opened Nov 2017, no longer available for new accounts), so I won't be rushing to open this. Not impressed with Post Office Savings customer service.
  • HerbalusHerbalus Forumite
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    Seems a bit sensationalist to have a breaking news story where one provider is paying 0.03% more than 4 other providers have been for a while.
  • sleepymanssleepymans Forumite
    853 posts
    Part of the Furniture 500 Posts Name Dropper
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    Herbalus wrote: »
    Seems a bit sensationalist to have a breaking news story where one provider is paying 0.03% more than 4 other providers have been for a while.

    :rotfl::rotfl::rotfl: for goodness sake this is non news of the most depressing king!
    :A Goddess :A
  • chockydavid1983chockydavid1983 Forumite
    666 posts
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    Hard to get excited about 2% let alone 1.33%!
  • jamei305jamei305 Forumite
    532 posts
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    0.02% less than my Tesco account, and miserably more difficult to operate.
  • Terry_TowellingTerry_Towelling Forumite
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    I can hardly contain my indifference.

    But enough of the sarcasm, it is a market leader (currently), paying a whole 20-30p more per year per £1000 than some of the others currently available out there!

    It will be interesting to see whether this sparks some of the others into offering a bit more over the coming weeks.
  • StubodStubod Forumite
    683 posts
    Ninth Anniversary 500 Posts
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    ....all OK assuming you can actual get you money out when you want to.


    Personally after my last experience with the Post office savings accounts (and their non existent "customer service"), I would never touch them with a barge pole even if they offered 5%....but that's just me
  • aj23_2aj23_2 Forumite
    1.2K posts
    1.33% market leading... wow. Let me rush to open this...
  • masonicmasonic Forumite
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    MSE_Karl wrote: »
    The Post Office has today launched a market-leading easy-access savings account paying 1.33% interest.
    With even CPI inflation running at above 2%, shouldn't that be losings account?
  • GreenBitterflyGreenBitterfly Forumite
    379 posts
    Eighth Anniversary 100 Posts
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    Stubod wrote: »
    ....all OK assuming you can actual get you money out when you want to.


    Personally after my last experience with the Post office savings accounts (and their non existent "customer service"), I would never touch them with a barge pole even if they offered 5%....but that's just me

    and me, after reading about the trouble people have on here trying to get their money back out from a Post Office account, I wouldn't touch it with a barge pole.
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