Principality tempts over 50s with bonds - Savings - News - Moneyfacts


Principality tempts over 50s with bonds

Principality tempts over 50s with bonds

Category: Savings

Updated: 12/03/2009
First Published: 12/03/2009

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 It is now over 6 months old so the content may be out of date.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 launched two new bond products that are exclusively available to over fifties.

The first is a fixed term two year over 50s bond that requires a minimum investment of £10K, paying 4.00% yearly. The second is a three year fixed term bond which also requires a minimum investment of £10K and pays 4.00% yearly.

Similarly, no additions or withdrawals are permitted from either account, while earlier access on closure only is subject to a 180 day loss of interest penalty.

The bonds are welcome additions to the over fifties market and should prove popular, despite the £10K minimum payment.

The products are well worthy of 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 Any products featured may be withdrawn by their provider or changed at any time.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 being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!