Post Office United Kingdom - Online Instant Saver Application

Step 1: Eligibility and application

What do you need to apply?

Please read and save or print the Summary Box & PDF, 1591 KB

Key Information including Terms and Conditions.

This application will take about 5-10 minutes to complete.

This application uses secure technology in order to help the security of your application, the application will become inactive if not used for 15 minutes.

We strongly recommend that you disable any pop-up blocking software before using this application as they can affect its functionality. We recommend that you use the back and continue buttons found at the bottom of each page to move through the application rather than your normal browser buttons.

To be able to view, print or save important documents you will need Adobe Reader. If you do not have Adobe Reader you can download it here for free:

You will need the following information:

your postal address
your telephone numbers
your email address
the details of the bank accounts that you will be using for withdrawals

Eligibility requirements

To apply for a Post Office® Instant Saver account, you will need to satisfy the following requirements. You can apply if you:

are 16 years old or over
are a resident of the UK
have a minimum of £500 to deposit

If you are under 16 years old and you wish to apply, you will need to go into a Post Office® branch and complete a paper application. Alternatively you can call us on 0800 169 7500 and we can arrange for a pack to be sent to you.

By clicking continue, you are indicating that you satisfy these requirements.

If you have any questions regarding the above or difficulties completing the application please contact us 0800 169 7500.

Post Office Money® Instant Saver is provided by Bank of Ireland UK

Account Name	PostOffice Money^® Instant Saver Issue 11
What is the interest rate?	Interest Rate without bonus	0.10% Gross*/AER^ Variable
	Interest Rate with bonus (includes a bonus of 0.65% gross** for 12 months)	0.75% Gross*/AER^ Variable
	Annualinterest, calculated daily, will be paid annually between 20th and 25th March
Can Bank of Ireland UK change the interest rate?	Yes. We have the right to change the interest rate on your account. The reasons we may change your rate are outlined in Section 2, Clause 46 of the Terms and Conditions. If we change your interest rate to your disadvantage, we will give you notice in writing at least 14 days before the change takes effect, as long as you have at least £100 in your account.
What would the estimated balance be based on a £1000 deposit?	After 12 months After 24 months	£1007.50 £1008.51
	Projection based on annual interest option with interest paid into the account (compound interest). The projection is provided for illustrative purposes only and does not take into account your individual circumstances. These assumptions are based on a £1,000 deposit with no further deposits or withdrawals during the 24 months of the projection.
How do I open and manage my account?	Eligibility To apply you must be a UK resident or a resident in the UK for tax purposes. To apply you must be aged 16 or over. If you are between the ages of 11 – 15, the account can be opened by an adult representative on your behalf. Opening and Managing your account You can apply for an account in branch or online. You can manage your account in branch, by phone or online through your online banking page. Minimum balance to open the account is £500. The maximum balance of the account is £1 million. Ifyou wish to switch into this or out to another product please select the 'Online Savings – find out more' link on your online banking page or visit your local branch.
Can I withdraw money?	Instant Saver offers you the ability to make unlimited no-notice withdrawals without any penalty. Withdrawals are free of charge. You can withdraw up to £1000 a day via a Post Office branch or ATM. Unlimited withdrawal requests can be made in writing or up to £50,000 over the phone. Postal or telephone withdrawals can be made by cheque or into your nominated bank account.
Additional Information	Gross rate is variable and paid without the deduction of income tax. *Gross rate is fixed and paid without the deduction of income tax. ^AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

"From 6 April 2016, UK taxpayers will have a new Personal Savings Allowance. In addition to this, Banks and Building Societies will no longer deduct Basic Rate Tax from savings interest. For more details log onto: www.gov.uk/hmrc/savingsallowance"

Sole or joint account?

Please indicate whether you want a sole application or a joint application

Sole application (for one person)

Joint application (for two people)