MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
MSE News

Post Office savings accounts to no longer accept payments from non-linked accounts

hero-homepage-post-office-savings-logo.jpg
Sophie King
Sophie King
News Reporter
Created 22 November 2021 | Edited 9 March 2022

Certain Post Office savings accounts will no longer accept payments into them from 1 March 2022 unless they're from a linked current account (or if they're via cheque or cash). MoneySavingExpert.com has learnt that 150,000 Post Office savers still need to set-up a linked account before the deadline. 

To add a linked account, log in to your savings account via the Post Office's website. Alternatively, you can write to: Savings T&Cs, PO Box 2320, Belfast, BT1 9BL. If you don't already have an alternative account, see our Best Bank Accounts guide. Savers also need to ensure regular deposits are paid by standing order, rather than by direct debit, from 1 March. All direct debits will be cancelled from this deadline.  

If you're currently in receipt of any payments from a non-linked account, you'll need to redirect them to an alternative account before 1 March. You can do this by contacting the company or person they are coming from and giving them details for an alternative account you hold.

The Post Office says the shake-up will simplify its products and make it easier for customers. If you're unhappy about the change, you may want to consider moving your savings elsewhere. See our Savings Accounts guide for the best buys. You can currently earn 0.7% with Cynergy's top easy-access account or up to 2.05% from UBL UK via Raisin if you're willing to lock away your savings for five years. 

Post Office accounts that are impacted are as follows:

  • Easy Saver

  • Instant Saver

  • Online Easy Saver

  • Online Loyalty Saver

  • Online Notice Saver

  • Online Reserve

  • Online Saver 

  • Reward Saver

MSE Forum

Get wages or benefits paid into a Post Office savings account? Set up an alternative account now or your payments will cease

Forum image
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff