Principality launches 5.10% fixed rate savings bond

Principality Building Society has launched a market-leading bond with a fixed interest rate of 5.10% AER until 31 October 2012. Savers can also choose to have their interest paid monthly, to help boost their income.

Savers can open the new Bond with a minimum deposit of only £1,000 or up to a maximum of £250,000. The Bond can be opened by post, or via the building society's website at principality.co.uk, making it readily available to everyone, across the UK.

Principality describes the Bond as the latest in its long line of straightforward and value for money savings accounts, offering savers a guaranteed return on their investment for a fixed period.

James Wright, Marketing Director of Principality Building Society, says: "Savers want their money to work as hard as possible, but they also want security for their cash and a guaranteed return on their investments - Principality's new Bond meets all those requirements, whilst giving savers the option to have their interest paid monthly, to boost their income."

Principality's Direct Fixed Rate Bond is fixed until 31 October 2012 and pays a guaranteed interest rate of 5.10% AER. Savers can invest from £1,000 up to £250,000 and choose to have their interest paid monthly or annually. No additional deposits are permitted and withdrawals are also not allowed.

Apply for the Direct Fixed Rate Bond online at principality.co.uk.