Principality a fixed rate class act - Savings - News - Moneyfacts


Principality a fixed rate class act

Principality a fixed rate class act

Category: Savings

Updated: 23/09/2009
First Published: 23/09/2009

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 It is now over 6 months old so the content may be out of date.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 taken a giant leap towards to the top of the fixed rate bond class.

Paying 0.20% more than its predecessor, the latest issue of the Five Year Fixed Rate Bond pays 5.30% yearly (5.18% monthly), sending it close to the very best fixed rate bonds in the market.

The minimum investment allowed is £500, with further additions permitted whilst the issue remains open.

Care is required with what you commit, as accessing your funds early will see the bond have to close and 360 days of interest lost.

However, if you are happy you have the funds to spare, then the potential returns might be hard to resist.

This product has been awarded four out 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 Any products featured may be withdrawn by their provider or changed at any time.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.