Tag: Post Office

Post Offices to branch out by serving RBS and NatWest customers

Post Offices to branch out by serving RBS and NatWest customers

It has been revealed today that customers of Royal Bank of Scotland (RBS) and NatWest will be able to access their bank accounts through Britain’s 12,000 post offices. The announcement comes after Postal Affairs Minister, Edward Davey, recently said he was concerned that some banks do not allow customers at post offices to conduct transactions, [...]

November 9, 2010 | 0 Comments More
Post Offices launches affordable mortgages

Post Offices launches affordable mortgages

The Post Office has launched a new range of mortgages targeted at first time buyers. Consumers can take out the new mortgage products with a deposit of just 10%. The two-year, three-year, and five-year fixed rate mortgages have interest rates between 5.45% and 5.99%. A tracker mortgage is also available at 5.49%. Marco Hughes, director [...]

May 13, 2010 | 0 Comments More
Post Office courts first-time buyers with 90% LTV interest only deal

Post Office courts first-time buyers with 90% LTV interest only deal

The Post Office has launched new mortgage deals with first-time buyers in mind. The lender is not only happy with a minimum deposit of 10% but is also allowing borrowers to choose between an interest only and capital plus interest repayment option. For a two-year fix the rate is 5.45%, for a five-year 5.99%, and [...]

May 12, 2010 | 0 Comments More
Post Office banking for the vulnerable

Post Office banking for the vulnerable

The Post Office is set to launch a new range of banking services aimed at people on low incomes. The plans the revamp the institution, backed by £180 million government funding, will help to ensure the future of the group’s 11,500 branches. New accounts will include a “weekly budgeting account”, designed to help people on [...]

March 31, 2010 | 0 Comments More
Government unveils further details of the ‘people’s bank’

Government unveils further details of the ‘people’s bank’

March 29, 2010 | 0 Comments More
Why you should check the SVR on your mortgage

Why you should check the SVR on your mortgage

Millions of homeowners across the UK have no idea what interest rate they’re paying on their mortgage, according to research by Post Office Mortgages, A poll by the lender found that while 35% of borrowers are currently on a standard variable rate (SVR) mortgage, 28% - around 3 million homeowners - don’t know what rate [...]

March 4, 2010 | 0 Comments More
Mortgage rate cuts from Post Office and Northern Rock

Mortgage rate cuts from Post Office and Northern Rock

Both Northern Rock and the Post Office have launched new mortgage deals with lower rates. The Post Office has cut the cost of its Bank of Ireland lifetime tracker loans from 3.29% to 2.99%, or from 3.59% to 3.49%, dependent upon the loan-to-value ratio. Bank of Ireland has also reduced the price of its five-year [...]

January 23, 2010 | 0 Comments More
Post Office increases Christmas home insurance cover

Post Office increases Christmas home insurance cover

The Post Office has decided to spread a bit of Christmas cheer to its home insurance customers by increasing their level of cover during December. According to the Post Office, the 10% extra cover on contents insurance means people don’t need to worry about the gifts they’re buying for friends and family getting damaged or [...]

December 8, 2009 | 0 Comments More
Government unveils financial plans for the Post Office

Government unveils financial plans for the Post Office

The Government has outlined plans for the Post Office to become a ‘people’s bank’ by offering financial products. The proposals, led by Business Secretary Lord Peter Mandelson, will create a ‘People’s Bank’, which will see Post Office outlets as the backbone of a new national bank. According to the Government, the plans will turn the [...]

December 2, 2009 | 0 Comments More
Post Office rolls out new mortgage range

Post Office rolls out new mortgage range

The Post Office says it is rolling out a new mortgage range, following a two-year pilot in various regions of the UK. The offering includes a base rate tracker, two and three-year fixed-rate loans and a five-year fix at up to 60% loan-to-value ratio, at 5.09%. A £599 fee applies to all. The lender claims [...]

October 21, 2009 | 0 Comments More
Post Office launches ‘gap year gatecrasher’ insurance

Post Office launches ‘gap year gatecrasher’ insurance

The Post Office this week launched travel insurance for “gap year gatecrashers”. The insurance, aimed at over-65s who want to travel overseas on a regular basis, provides year-round, multi-trip cover. The upper age limit of the cover is 74, and policyholders can choose to add optional extras including extended baggage, excess waiver, and golf cover. [...]

September 8, 2009 | 0 Comments More
Family Investments launches cash bond ISA

Family Investments launches cash bond ISA

Family Investments has teamed up with the Post Office to launch a new Guaranteed Capital Cash Bond ISA. Launched this week, the ISA is available from Post Office branches and the Post Office website. The ISA is the third financial package to be offered jointly by the two organisations in the last 12 months, following [...]

August 14, 2009 | 0 Comments More
Post Office launches overseas money transfer service

Post Office launches overseas money transfer service

A new international money transfer service launched this week by the Post Office aims to make overseas money transfers “significantly easier”. The Post Office Overseas Property Money Transfer provides protection against fluctuating currencies by enabling customers to fix the exchange rate on money transfers for up to 12 months. Money is exchanged at competitive rates [...]

August 5, 2009 | 0 Comments More
HSBC tops customer service league

HSBC tops customer service league

HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet. The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience ‘above expectations’. Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations. Lloyds [...]

April 22, 2009 | 4 Comments More
Post Office and Nationwide cards best for international travel

Post Office and Nationwide cards best for international travel

International travellers are best to opt for the Post Office Platinum credit card, according to research by moneysupermarket.com. Debit card holders, meanwhile, are advised to choose the Nationwide FlexAccount. The price comparison website said the Post Office’s card offers free purchase protection, no overseas charges, and zero percent on purchases for three months. “This is [...]

April 7, 2009 | 0 Comments More
Home insurance vital in extreme weather

Home insurance vital in extreme weather

February has already seen the most severe snow storms in 18 years as well as over 100 flood warnings - highlighting the importance of adequate property insurance. “Recent events highlight how important it is to have the right level of cover in place to protect both your home and your belongings,” said Emma Baunach, manager [...]

February 13, 2009 | 0 Comments More
One third of consumers pay everyday expenses on credit

One third of consumers pay everyday expenses on credit

Almost one third of UK consumers use a credit card to pay for everyday items such as groceries, a Post Office survey has revealed. The poll showed that 10 million British adults intend to use their credit cards to cover day-to-day living expenses during the first part of this year. Meanwhile, 2.6 million people intend [...]

February 5, 2009 | 0 Comments More
NS&I closes cash ISA

NS&I closes cash ISA

National Savings & Investments (NS&I) is closing its cash ISA to new customers, and making its direct ISA more accessible. From 6 April customers will no longer be able to open a new NS&I cash ISA, and current customers will no longer be able to deposit into their cash ISA at post office branches or [...]

February 4, 2009 | 0 Comments More
Post Office to expand banking services

Post Office to expand banking services

Business Secretary Lord Mandelson is understood to be in full support of extending financial services at the UK’s 12,000 Post Offices. The Department for Business Enterprise and Regulatory Reform (BERR), led by Lord Mandelson, is in favour of creating a ‘People’s Bank’, which will see Post Office outlets as the backbone of a new national [...]

February 1, 2009 | 0 Comments More