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Fix it with Principality

Fix it with Principality

Category: Savings

Updated: 07/10/2009
First Published: 07/10/2009

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 It is now over 6 months old so the content may be out of date.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 launched a new four year fixed rate bond that offers a market leading rate in its arena.

The 4 Year Direct Fixed rate Bond is a postal or internet operated account that pays a yearly rate of 5.10% (4.98%) monthly) on a minimum investment of £1K. Early access can only be made if the account is closed – an action that incurs a 360 days' loss of interest.

It is good to see Principality launching this new bond to complement its existing range of fixed products. The high monthly rate should add to its appeal.

Investors should ensure they can commit to the funds as early access is subject to a tough penalty.

The bond has been awarded four out of five Moneyfacts stars.

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