Get on the crest of a save with Principality BS - Savings - News - Moneyfacts


Get on the crest of a save with Principality BS

Get on the crest of a save with Principality BS

Category: Savings

Updated: 16/06/2009
First Published: 11/06/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Principality BS has withdrawn and replaced its e-Saver account, replaced it with the e-Saver Issue 2.

A no notice internet operated account, it pays a yearly rate of 2.85% on as minimum investment of £1. The rate includes a 1.20% bonus for 12 months.

The terms of the product mean only new money is permitted while transactions must be made via a nominated account.

In a market largely made up of low rates, this eye catching relaunch is good news for savers. It offers one of the top paying rates in its class and the low opening balance should encourage people to save.

Investors would be well advised to remember the bonus expires after 12 months and to keep an eye on, with funds moved if necessary.

The e-Saver Issue 2 is awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.