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Principality raises the savings roof

Principality raises the savings roof

Category: Savings

Updated: 13/07/2010
First Published: 13/07/2010

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 It is now over 6 months old so the content may be out of date.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 raised the roof with its new one year fixed rate bond.

Paying 2.75%, it should prove popular with investors looking for a short term home for their money.

A minimum investment of £500 is required, while additional investments can be made as long as the issue remains open.

As with many bonds, there is no flexibility in terms of earlier access, so investors will need to be certain they can tie up their funds for the full year.

Sitting within the top few short term bonds around, this product earns four out of five Moneyfacts stars.

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