The Post Office launches best rate savings accountNew account tops the instant access tables

28 May 2012

Which? Savings Booster

Regularly check the rate you are receiving to ensure your account is still competitive

The Post Office moves to the top position of the Which? Best Rate savings table 

Today the Post Office launched a new issue of its Online Saver account which tops the Which? instant access Best Rate savings table. The new deal pays 3.17% AER from initial balances of just £1 and can be operated online only.

Watch out for the bonus

Jo Langenhan, savings expert at Which?, said of the new deal: 'The latest rate on the instant access account from the Post Office is a great boost for savers especially as the base rate is likely to stay at 0.5% for a while. The account includes a bonus of 1.52% payable for 12-months, so don't forget to switch once the bonus period has ended.'

You can find out more about top-paying savings account and cash Isa deals in our fortnightly hot savings deals round-up.

Review your savings

As the rates on savings accounts change so frequently at the moment, it's essential that you review the rate that you're getting on your existing savings account and switch if it is no longer competitive. Use the unique Which? Savings Booster to find out how much your account is paying and how much extra you could earn by switching. 

More on this...