Post Office goes online for savers

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Post Office has entered the internet savings market with a flourish.

At 2.75%, its no notice savings account sits just below the current market leader and so should prove very popular with savers looking for the security of a trusted high street name combined with the convenience of the internet.

With the account including a 1.25% bonus for a year, savers will have to review its competitiveness when the bonus disappears.

Meanwhile, the one year bond paying 2.80% is good enough to make it a top ten rate.

It offers the added benefit of early closure on 90 days' loss of interest, so should also prove attractive to internet savers.

A rating of four out of five Moneyfacts stars is the Post Office's reward.

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