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.
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