Principality BS launches variable bond | Product News - Moneyfacts

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Principality BS launches variable bond

Principality BS launches variable bond

Category: Savings
Date: 16/04/2013

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 It is now over 6 months old so the content may be out of date.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 Building Society has revealed the Member Variable Rate Bond Issue 19 paying a variety of rates to existing members of the mutual.

The basics…

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.

The finer details….

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.

Why we like it….

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.

What next?

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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