Savers deposit more than £1bn at Post Offices for second month running

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Business deposits also rise, showing reliance on cash despite shift online in Covid crisis

Photograph: Tim Ireland/PAPhotograph: Tim Ireland/PASavers deposited record sums atThe Post Office said it was the first time that personal deposits have topped £1bn for two successive months. A total of £1.07bn was paid in over its counters, following cash deposits of £1.12bn in March. Last September was the only other month when personal cash deposits exceeded £1bn.

 

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Why do people trust the post office? After the treatment they dished out to the sub postmasters are their ethics still questionable.

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