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New Premier Cash ISA at Post Office

The Post Office has launched a new Premier Cash ISA with rate of 1.75% tax-free/AER variable and two free withdrawals each tax year.

Customers can save from as little as £100 up to £5,760 this tax year and can consolidate all their tax-free savings in one account by transferring in previous years’ cash ISAs held with other providers.

The Premier Cash ISA interest rate includes an 18-month fixed bonus of 0.5% tax-free from the date of opening, after which the rate reverts to the underlying rate of 1.25% tax-free/AER variable.

Henk Van Hulle, Post Office head of savings and investments, said: “Our increased Premier Cash ISA rate bucks the savings trend and offers excellent returns for savers in the current market.

“Customers can either take advantage of this year’s tax-free cash ISA allowance or consolidate their existing cash ISAs into one account.”

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