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Post Office introduces new incentives for savers

Post Office has announced that its Instant Saver account will now offer unlimited free withdrawals for new and existing customers.

It has also extended its Savings Promise on the Instant Saver, Reward Saver, Cash ISA and Easy Saver until January 1, 2013. This means Post Office will match the Bank of England base rate percentage changes on all of its branch-based savings accounts.

Richard Norman, Post Office director of savings and investments, said: “We want to help make saving easier, more flexible and more rewarding.

“We understand that sometimes you need to dip into your savings for one reason or another and that’s why we have introduced unlimited free withdrawal, to help you access your money in a way that suits you.

“We also understand that if the Bank of England base rate increases customers will want to see the rates and their savings increase also. With our Savings Promise they know this will happen.”

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