1.20% gross/AER variable
Includes a 1.10% gross fixed bonus for the first 12 months.
Quick and easy access to your money, with unlimited free withdrawals.
Start saving with just £500, after that you can deposit from just £1 all the way up to the maximum balance of £1 million.
Making a deposit
Make deposits in branch (by cash or cheque), by post (cheques only) or from an account of your choice using your bank’s online/phone banking services. If you want to save regularly, you can set up a standing order from your current account to your Post Office Money Instant Saver.
Withdraw savings in branch, online, by phone or post. Or, use your cash card at any one of 60,000 ATMs nationwide.
Earn interest at 1.20% gross/AER variable for the first 12 months. This rate includes a 1.10% gross fixed bonus for 12 months from account opening. After 12 months the rate reverts to the underlying rate of 0.10% gross/AER. Interest is paid annually in March. No interest or bonus interest is payable on balances below £500.
Are you eligible?
Before applying check you’re eligible. Post Office Money Instant Saver is open to anyone aged 11 or over and a UK resident for tax purposes. Aged between 11 and 15? You’ll need an adult who is either a parent, grandparent or legal guardian to sign your application and provide documents to verify your name and address.