Principality BS has launched a new two year fixed rate bond that pays 0.25% more than its predecessor and should prove popular.
It requires a minimum investment of £500 and pays 4.25% yearly (4.17% monthly). Earlier access on closure only on 180 days' loss of interest and additions are allowed whilst the issue remains open
This new bond sits in the top five in its field and the addition of an early closure facility, albeit with a hefty penalty, is a welcome addition in difficult financial times. The monthly option should also appeal to those who wish to supplement their incomes.
The bond has been awarded four out of five Moneyfacts stars.
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