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.
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