MSE News: Post Office launches market-leading savings account

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Former_MSE_Karl
Former_MSE_Karl Posts: 175 Forumite
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in Savings & investments
The Post Office has today launched a market-leading easy-access savings account paying 1.33% interest.

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'Post Office launches market-leading savings account'

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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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.
  • Herbalus
    Herbalus Posts: 2,634 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.
  • sleepymans
    sleepymans Posts: 902 Forumite
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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
  • chockydavid1983
    chockydavid1983 Posts: 713 Forumite
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    Hard to get excited about 2% let alone 1.33%!
  • jamei305
    jamei305 Posts: 635 Forumite
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    0.02% less than my Tesco account, and miserably more difficult to operate.
  • Terry_Towelling
    Terry_Towelling Posts: 2,279 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.
  • Stubod
    Stubod Posts: 2,169 Forumite
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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
    .."It's everybody's fault but mine...."
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
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    1.33% market leading... wow. Let me rush to open this...
  • masonic
    masonic Posts: 23,275 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?
  • GreenBitterfly
    GreenBitterfly Posts: 392 Forumite
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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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