Principality’s competitive Promise | Product News - Moneyfacts

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Principality’s competitive Promise

Principality’s competitive Promise

Category: ISAs
Date: 22/01/2014

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 reviewed its range of fixed rate ISAs and variable rate notice ISAs.

The basics…

The standout product is the 30 Day Notice Promise ISA which now offers a competitive rate of 1.80% yearly (1.79% monthly), seeing an increase of 0.20%.

Principality BS's other medium to long-term fixed rate bonds and cash ISAs still retain their best buy positions despite small rate reductions, with the three-year options priced at 2.25% yearly and the five-year products offering 2.90% yearly.

The finer details…

To receive the Promise account's rate, customers must not make more than two withdrawals per year (three or more will result in a reduced rate of 1.30%).Transfers in are allowed, and earlier access to funds is permitted subject to 30 days' loss of interest.

Why we like it…

The competitive rate coupled with the ability to transfer in previous years' ISAs and the early access to funds sees Principality's Promise ISA join the medium and long-term products as Moneyfacts best buys.

Four Moneyfacts Stars have been awarded.

What Next?


Find the best fixed rate ISA for your needs

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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