Principality BS has delivered excellent news to savers by extending its range of ISAs to include a regular savings account. The Regular Saver isa is a fixed rate regular savings ISAs that requires a minimum monthly payment of £20 (maximum £300), paying 5.00% on maturity - making it a market leader. First payments can be made by cash or cheque with following payments made by standing order. Missed payment sees the account revert to the lower Cash ISA rate. No withdrawals or transfers in are permitted, although an additional deposit can be made between 1 March and 5 April to ensure a maximum input of £3,600. In the limited field of regular savings ISAs, it is good to see clients being encouraged to save and take advantage of the tax benefits on offer. The product has been awarded four out of five Moneyfacts stars.
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