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Post Office Instant Saver Account

Post Office Official Website: www.Postoffice.co.uk Post Office

The Post Office have operated savings accounts for decades, and have always been able to be counted on as a safe and secure location for investor's deposits. The Post Office Instant Saver Account is no exception, and provides all the benefits that you might expect, such as instant access through more than 12,000 UK Post Office branches, by using one of the 60,000 Link ATM machines, by post, by telephone or even online. While rarely paying the highest interest rate, the Post Office Instant Saver interest rate is often better than many, and provides a safe and secure home for your money. Online Application

A Post Office Instant Saver Account can be opened by anyone aged 11 or over, who is resident - or ordinarily resident for tax purposes - in the UK, either individually or jointly with one other person.

You can withdraw up to £1,000 a day in cash (so long as you have cleared funds, of course), and any larger amounts can be withdrawn either by cheque or by BACS transfer to a nominated account. BAC's transfers are currently limited to £15,000 per day (which is probably plenty for most people, we imagine). You can make up to 6 free withdrawals from your Post Office account each year, from 21 March to 20 March; after that each withdrawal will cost you a nominal £1.

The initial deposit into your Post Office Instant Saver Account has to be a minimum of £500, while further deposits into your account must be a minimum of at least £1 with a maximum investment of £1,000,000. Cash deposits can be made through any Post Office branch in the UK, but you can also choose to build your savings account by making a regular payment into your account via standing order. Deposits may also be made online, via transfers from another bank or building society account.

If you have any queries about any of the Post Office financial products, then there is plenty more information on the Post Office website, where you can view the latest interest rates, and also find out more about the protection offered on your account by Bank of Ireland, who are a financial services partner of Post Office.

More Protection for your Money... Under European Union law, all Post Office savings customers benefit from the protection offered by the Irish Deposit Protection Scheme which covers customer savings up to �100,000 (approximately £95,000). Meantime, the UK scheme currently has a limit of only £50,000, which is close to half the protection which you'll get with the Post Office. Additionally, the Irish Government has guaranteed unlimited savings until September 2010.

Information on all Post Office Products at CreditShop.at

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