Savings and Investments

Postal 60 Triple Guarantee

Postal savings account

With this great new postal savings account, not only do you get a competitive rate of interest and the option to make up to 4 cheque withdrawals per calendar year (subject to 60 days notice) but your interest rate comes with 3 fantastic guarantees.

Account features
  • Open this postal savings account from £250
  • Interest is calculated daily and paid annually on 30 June
  • Make up to 4 withdrawals a year with 60 days notice
  • Withdrawals without notice will be subject to 60 days' interest charge
  • Great rate of interest (variable)
  • Limited edition postal savings account - when it's gone, it's gone
  • Please read the Key Product Information for this account before you apply.

Guarantee 1

Gross rate is guaranteed to be at least 0.50% above Bank Rate until 30 June 2009*

Guarantee 2

Gross rate is guaranteed to be at least 0.25% above Bank Rate from 1 July 2009 until 30 June 2010*

Guarantee 3

Gross rate is guaranteed to be at least equal to Bank Rate from 1 July 2010 onwards*

Interest Rate gross p.a./AER
£250 and over 1.95%

Definitions of 'Gross p.a.' and 'AER' can be found in our glossary of terms.
Click here to download the account brochure

How it works

Opening: Apply via post only.
Pay money in: All transactions must take place by post and by cheque.
Take money out: Maximum of 4 withdrawals (minimum £250) per calendar year subject to 60 days written notice.
Early withdrawals subject to 60 days' interest charge

*Rate guarantees are subject to us having 60 days from a change in Bank Rate to vary the interest rate to meet this guarantee. If we need to change this guarantee we will give you at least 60 days advance notice in writing.