New Principality Building Society saving bond launched

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New Principality Building Society saving bond launched

A new Principality Building Society saving bond has been launched and is aimed at helping young people increase their savings.

The Regular Saver Bond will offer a one-year fixed rate of 6.75 per cent gross. After the first year the total balance will then be transferred into Principality's Instant Access account.

Interest on the account will be calculated daily and as long as there have been regular monthly investments and no withdrawals any interest and bonuses will be paid after 12 months.

The account allows investors to save between £20 and £500 per month up to a total of £6000.

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