Post Office United Kingdom - Online Reward 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 also 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.

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® Reward Saver, you will need to satisfy the following requirements. You can apply if you:

Are 18 years old or over
Are a resident of the UK & ordinarily resident in the UK for tax purposes?

Account Name	Post Office Money^® Reward Saver Issue 15
What is the interest rate?	Annual interest option		Monthly interest option
	Interest rate without bonus	0.25% gross*/AER^ variable	Interest rate without bonus	0.24% gross*/0.25% AER^ variable
	Interest with bonus (includes a bonus of 0.55% gross**)	0.80% gross*/AER^ variable	Interest with bonus (includesa bonus of 0.54% gross**)	0.79% gross*/0.80% AER^ variable
	Annual interest is calculated daily and paid on the anniversary of your account being opened (or the closest business day).		Monthly interest is calculated daily and paid each month on the same day your account was opened (or the closest business day).
Can Bank of Ireland UK change the interest rate?	We have the right to change the interest rate on Reward Saver. 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 not less than 14-days before the change takes effect, as long as you have at least £100 in your account.
What would the estimated balance based on a £1,000 deposit?	After 12 months After 24 months		£1008.00 £1010.52
	Projection based on annual interest option with interest paid into the account (compound interest). 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 Reward Saver is only open to individuals aged 18 or over. You must be a resident of the UK and ordinarily resident in the UK for tax purposes. This doesn't include the Channel Islands and the Isle of Man. Opening and Managing your account You can apply for an account in branch, by post or online. Or you can ring us and request an application pack. Minimum balance to open the account - £500. Maximum balance £2 million The account will be closed if the balance falls below £50 You can manage your account online, by phone or by writing to us If you 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?	Reward Saver offers you the ability to make both 30-day notice withdrawals and no-notice withdrawals. Withdrawals are free of charge with 30-days' notice. Notice requests can be made in-branch, by phone, by post or online. Only one 30-day notice withdrawal can be pending at any one time. No-notice withdrawals incur a withdrawal fee equivalent to the loss of 30-days gross interest on the amount withdrawn (minimum charge £1) Minimum withdrawal amount is £50. There is a £50,000 daily withdrawal limit to any requests made by phone.
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)