Research from the British Bankers Association has found that during the first quarter of 2006, a total of 130,500 post office 'accessible' accounts were opened, and 44,000 existing accounts upgraded to fuller featured accounts.
Since the launch of Universal Banking in April 2003, a total of over 1.8 million post office accessible accounts have been opened and a further 126,000 upgraded. The total number of these accounts now stands at 4 million.
Our view
Automating the social security payments system alongside which require you to have a bank account where benefits are paid to and, for a change, some attractive interest bearing products from National Savings accounts for the upturn in the number of accounts.
As ever, our view is simple, shop around for the best deal or let us do the shopping for you.
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