Principality tempts over 50s with bonds - Savings - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Principality tempts over 50s with bonds

Principality tempts over 50s with bonds

Category: Savings

Updated: 12/03/2009
First Published: 12/03/2009

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 It is now over 6 months old so the content may be out of date.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 two new bond products that are exclusively available to over fifties.

The first is a fixed term two year over 50s bond that requires a minimum investment of £10K, paying 4.00% yearly. The second is a three year fixed term bond which also requires a minimum investment of £10K and pays 4.00% yearly.

Similarly, no additions or withdrawals are permitted from either account, while earlier access on closure only is subject to a 180 day loss of interest penalty.

The bonds are welcome additions to the over fifties market and should prove popular, despite the £10K minimum payment.

The products are well worthy of four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.