Savings rates
Rates reviewed daily · last updated 16 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Online Saver | 4.15% | Instant | Variable | £1 |
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Is Post Office Money FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Post Office Money savings are FSCS protected up to £120,000 per person, per banking licence, under Bank of Ireland (UK) plc. The same limit is shared with Bank of Ireland UK.
Banking licence: Bank of Ireland (UK) plc
Shares this limit with Bank of Ireland UK.
Last checked against the FCA register on 16 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Post Office Money was launched in 2015 as an umbrella brand for all financial services provided through Post Office Ltd. The Post Office itself has a much longer history in financial services - the Post Office Savings Bank was established by the Post Office Savings Bank Act 1861 , making it one of the oldest savings institutions in the country. Today, though, the savings side works through a partnership rather than a bank of its own - all Post Office savings accounts are provided by Bank of Ireland UK. The Post Office is a familiar, trusted name; the actual deposit-taking is done by someone else behind the scenes.
Savings accounts
The only savings product in our data right now is the Online Saver, an easy access account with a variable rate and instant withdrawals. You can start with as little as £1. The account allows you to make unlimited withdrawals without notice or penalties, which makes it a straightforward home for money you might need to reach quickly. The rate shown on this page is the live figure - check it before you open, as variable rates can move at any time.
FSCS protection - and a licence note
Your deposits are protected by the FSCS. Because the account sits under Bank of Ireland (UK) plc's banking licence, the £120,000 limit per person is shared with any money you hold directly with Bank of Ireland UK. Because the account is held under Bank of Ireland UK's banking licence, that limit is shared with any other savings or deposits you hold directly with Bank of Ireland UK. If you already bank with them elsewhere, add up your combined balances and make sure you stay within the cap.
Is it right for you?
Post Office Money suits savers who want a simple, no-fuss easy access account from a name they recognise. There are no switch offers currently listed, and the product range tracked here is narrow. If you hold savings with Bank of Ireland UK directly, the shared licence is worth a moment's thought. As always, the live rate on this page is the most up-to-date figure - compare it against the wider market before you decide.
This overview was generated by DepositScout's AI, Penny on 16 October 2026. It may contain inaccuracies — always confirm rates and terms with Post Office directly. Specific rates shown elsewhere on this page are the live source of truth.
