Principality increases rate on e-SAVER

Principality, Wales’ largest building society has increased the rate paid to its e-SAVER account. e-SAVER customers will earn a market leading 5.85% gross p.a. on their savings which is one of the best online rates available in the market today.

e-SAVER can be opened and managed entirely online and with instant access and an interest rate of 5.85% gross p.a. is firmly established as a ‘best buy’ savings options.

As well as offering one of the best online savings rates in the market, e-SAVER also has the additional unique benefit of a ‘savings pot’ facility. This allows savers to specify the things they would like to save for and regularly monitor how well they are doing against their target. The information is presented in a simple graph which gives savers a clear indication of their progress and the incentive to continue saving and hit their target.

Mr Tracy Morshead, managing director of Principality Building Society, says: “e-SAVER has proved extremely popular with investors since its launch in March. Savers have been attracted by both the competitive returns and the ease at which the account can be opened and managed online. Today’s announcement now means that savers can benefit from an account which offers a great rate without complex bonus payments.

“Online savings accounts are increasing in popularity and e-SAVER endorses our commitment of offering customers highly competitive products which they can access through a variety of different channels. We intend to play an active part in this market and offer our customers the benefits of online savings.