Principality increases interest rates on fixed rate bonds

Principality Building Society has increased the interest rates of four of its popular fixed-rate bonds. The rate increase reinforces the building society’s commitment to offering great interest rates via products to suit all savings needs, with a line-up of fixed-rate bonds with terms ranging from six months to five years.

Principality’s new fixed-rates are:

Six month fixed-rate bond offering 2.80% AER
One year fixed-rate bond offering 3.30% AER
Three year fixed-rate bond offering 4.55% AER
Five year fixed-rate bond offering 5.10% AER

Each bond has a minimum investment of £500 up to a maximum investment of £1 million. For all four bonds savers can choose to have their interest paid monthly, or annually for the two and five year bonds and on maturity for the 6 month and 1 year bonds.

James Wright, Marketing Director of Principality Building Society, explains: “Our fixed-rate bonds have proven very popular because they give savers a guaranteed return on their money at very good rates. Because there is a range of fixed-terms, savers can select the bond that best suits their circumstances, whether it is the flexibility of a six month or one year bond, through to the long term security of a three or five year bond.”

Further information is available online at principality.co.uk.