National Savings & Investments (NS&I) has announced it will stop operating their accounts through branches of the Post Office.
From 28th November it will no longer be possible to open Instant or Easy Access Savings accounts, although Premium Bonds will still be available.
Savings accounts will only be available online, over the phone or by post following the change.
NS&I say the changes will help to reduce running costs by 10% and were part of a plan to “simplify and modernise” its range of savings products whilst trying to persuade customers to deal directly.
Jane Platt, chief executive of NS&I, said “We're very proud ...