Principality’s St David’s Day special and new ISA - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Principality’s St David’s Day special and new ISA

Principality’s St David’s Day special and new ISA

Category: Savings

Updated: 02/03/2011
First Published: 23/02/2009

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 It is now over 6 months old so the content may be out of date.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 a one year fixed rate regular savings account to celebrate St David's Day. To take advantage of the competitive 4.50% rate, savers must invest a minimum of £20 a month, with the maximum amount set at £500.

Clients must ensure they will not require access to the funds for a year, as early closure results in bottom tier of instant access account interest being paid.

Principality BS has also re-entered the fixed rate ISA market with a two year account for the 2008/09 tax year. Boasting a market leading rate of 3.30 % per annum, it is likely to prove popular with those who have yet to invest in an ISA for the current year.

Additions are permitted until 4 April 2009, allowing customers to maximise returns on their full ISA allowance for the full financial year. Early closure is allowed, although a heavy penalty will be incurred.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.