Isas now off limits at post offices

[TrueBlueTerrier]

http://www.guardian.co.uk/money/2009/ap ... vings-isas" onclick="window.open(this.href);return false;



Anyone with a National Savings & Investments cash individual savings account (Isa) will be unable to access their account from Post Office branches from tomorrow.

The decision is likely to inconvenience hundreds of thousands of customers, particularly elderly ones, who rely on the security of depositing their money in person at their local post offices, say consumer groups.

Richard Bates, public services expert for campaign group Consumer Focus, says: "It's very worrying that while on one hand government support is being promised to the Post Office network, on the other government-backed business is being taken away."

NS&I's cash Isa currently pays a variable rate of just 0.5% on all deposits, but remains popular with savers because accounts are fully guaranteed by the Treasury.

[johnsouthwales]

what a backward step!!! isa can be accessed by phone, post, or online, which is besides the whole point. i give up!! after all the campaigning to keep p.o open and bring in new business, the recent current account was welcomed at last, and things like withdrawing another is just making things harder