Principality Building Society has revealed the Member Variable Rate Bond Issue 19 paying a variety of rates to existing members of the mutual.
A rate of 2.62% is paid to existing members of ten years, whilst 2.52% is paid to those who have been members for five years. Members of two years will receive a rate of 2.41% upon maturity.
All three rates are guaranteed for an eighteen month period.
Investments range between £500 and £20,000.
Further additions are not allowed. One instant access withdrawal is permitted to the value of up to 20% of the initial balance during the term. Account closure is subject to a 150 day loss of interest penalty.
The account is available to savers aged 18 and over and can be operated in branch or by post.
This 18-month variable bond should prove popular with existing savers of Principality Building Society who are looking to invest their money for a short period. Four out of five Moneyfacts Stars have been awarded.
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