News Tag: Post Office
March 4, 2010
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 they're paying.
The Post Office ...
Why you should check the SVR on your mortgage
by David Masters
January 23, 2010
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 fixed-rate offering by 0.5% ...
Mortgage rate cuts from Post Office and Northern Rock
by Gill Montia
December 8, 2009
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 stolen. "The last thing you want to have to worry about over Christmas is whether you have ...
Post Office increases Christmas home insurance cover
by David MastersThe 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 stolen. "The last thing you want to have to worry about over Christmas is whether you have ...
December 2, 2009
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 Post Office into "a leading player ...
Government unveils financial plans for the Post Office
by Kay Murchie
October 21, 2009
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 the five-year fix is a market leader, ...
Post Office rolls out new mortgage range
by Gill Montia
September 8, 2009
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.
Research by the Post Office found a fifth ...
Post Office launches ‘gap year gatecrasher’ insurance
by David Masters
August 14, 2009
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 cash and equity ISAs launched in September 2008.
"This ...
Family Investments launches cash bond ISA
by David Masters
August 5, 2009
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 with 0% commission and no hidden charges, ...
Post Office launches overseas money transfer service
by David Masters
April 22, 2009
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 TSB and the Post Office were the worst for customer ...
HSBC tops customer service league
by David Masters
April 7, 2009
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 a far better prospect than other ...
Post Office and Nationwide cards best for international travel
by David Masters
February 20, 2009
One in five savers now keep their money in a current account because they are unable to find a better rate of interest elsewhere, new research has revealed.
Twenty one percent of those polled in the Post Office survey said a current account is now their best option, compared to 32% saving in a cash ISA, and 44% using a savings account.
Figures ...
Savers’ best interest in current accounts
by David Masters
February 13, 2009
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 of Post Office home insurance.
Homeowners should make ...
Home insurance vital in extreme weather
by David Masters
February 5, 2009
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 to spend more on their ...
One third of consumers pay everyday expenses on credit
by David Masters
February 4, 2009
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 by bank giro.
Meanwhile, on 1 February the minimum opening ...
NS&I closes cash ISA
by David Masters
February 1, 2009
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 bank.
Many believe the move will help to ...
Post Office to expand banking services
by Kay Murchie
June 3, 2008
According to the Post Office, savers are missing out on around approximately £8 billion in interest every year.
Accounts which pay interest rates well below the base rate means savers are losing out and this is at a particularly difficult time when inflation is at a 4-year high, food prices are at a record-high and the days of easy ...
Savers are missing out on roughly £8bn every year
by Kay Murchie
