Principality Building Society offers new 2-year bond

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Principality Building Society offers new 2-year bond

Fri 6th Nov 2009

A new two-year bond at 4.25 per cent AER has been launched by Principality Building Society.

The fixed-rate bond is available for investments from £500 to £1 million, with investors having the choice of being paid interest either monthly or annually.

James Wright, marketing director at the building society, said: "Just because we are still in a low interest rate environment does not mean that savers have to suffer low returns on their money".

Interest can either be paid into a Principality Building Society account, or transferred to another UK bank or building society, subject to a £5 charge.

Savers can top-up their bond with additional deposits for as long as the product remains on sale. Withdrawals are not allowed, but the account may be closed subject to the loss of 180 days gross interest.

Principality Building Society also recently launched a four-year fixed-rate bond that offers 5.10 per cent AER, and is open for deposits from £1,000.

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