Principality offers 2.90% AER on 30 day notice savings account

Savers looking for a great return on their cash without locking it away in a fixed-term account can now earn 2.90% AER (variable) with the new 30 Day Direct Account, launched this week (Thursday 4 June) by Principality Building Society.

The rate includes a 1.00% introductory bonus for the first 12 months, which is set to make the product a market-leading ‘best buy' savings account.

Savers can invest from a minimum of £1,000 up to a maximum of £500,000, and can make unlimited penalty-free withdrawals when they give 30 days notice. In addition users can choose to have their interest paid monthly or annually.

James Wright, Marketing Director of Principality Building Society, says the product is perfect for the current savings climate. He explains: "With interest rates so low at the moment, savers are looking for the best return on their cash, but they don't always want to tie up their money in fixed-term accounts that traditionally pay the best rates.

"Many savers still want to be able to get hold of their money when they need it, so Principality's 30 Day Direct Savings Account offers the perfect balance of a market-leading interest rate and accessibility."

Principality was named as the provider with the most consistent savings products rates by financial website moneyfacts.co.uk, and this new product continues with that approach by offering a great rate of return with an easy to understand and simple to use account.

The 30 Day Direct Savings Account is available to anyone over the age of 16 and can be opened in either single or joint names. The account is a postal account and can be opened by downloading an application form from principality.co.uk