Three new savings bonds have been made available by the largest building society in Wales.
Principality has announced that from today, it will offer new deals on fixed rate savings bonds over one, two and three years.
A fixed savings interest rate of 4.75 annual equivalent rate (AER) is available on the three-year savings bond, which requires an investment between one and a million pounds.
The one-year savings bond offers a savings interest rate of 4.6 per cent AER and a savings interest rate of 4.69 per cent AER applies to the two-year savings bond.
"Our new range of fixed rate bonds offer a secure home for your money, safe from any changes in interest rates and are extremely competitive within the marketplace," says Sarah Sharma, the society's savings product development manager.
Interest earned on the savings gets paid out when the savings bond matures. The balance of the savings bond will be transferred into a Principality Instant Access Savings Account at the end of the fixed rate term.
Savings bonds renewed at Principality
Savings bonds renewed at Principality
Fri, 02 Dec 2005
Recommended links
Instant access savings account launchedTop offers for savings bonds
Information on investment bonds
Guide to savings and investments
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