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.
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