National Savings & Investments (NS&I) is restructuring a number of services in a bid to meet cost-cutting targets, with no more savings accounts to be offered through the Post Office.
It is to stop accepting applications for its Easy Access Savings Account from 28 November, with existing customer accounts to close in July 2012. Meanwhile, it will also stop accepting new applications for the Investment Account from 28 November 2011, which will become a postal only account in May 2012, when it will again accept new applications. Customers with an Easy Access Savings Account will be offered the opportunity to transfer their savings to the postal Investment Account or the Direct Saver account. The organisation said the changes, which mean savings accounts will be av...
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