Principality to offer savings products through Governor Money

Governor Money, the online cash savings platform has teamed up with Principality Building Society. The deal means that Governor Money account holders will be able to access cash savings deals offered by this leading building society through Governor Money.

Governor Money offers savers a hassle free way to manage their cash investments and get a very competitive return with a single secure account and today’s provider announcement is the latest in a series for the new site. Governor Money already has six providers on board including Progressive and Saffron Building Societies.

Principality Building Society is the UK’s 7th largest building society with over £6bn in assets and 500,000 members. It has provided attractive savings, investments, mortgages and protection to its members for over 150 years.

Kate Murray, Savings Manager at Principality Building Society, said: “We are excited to have joined the Governor platform and are pleased to be able to offer our savings products to Governor customers. Governor is an exciting innovation which offers choice, convenience and security for online savers and we are delighted to have become a listed provider. "

Andrew Booth, Director at Governor Money said: “We are delighted to have Principality Building Society join Governor Money. The building society has built up a substantial customer base through providing excellent products and we look forward to extending a range of cash savings products from Principality to our account holders. We are really pleased to have teamed up with such a respected building society and to have added our 7th provider to the site. In the coming weeks, we hope to bring on a number of exciting new providers.”

The new provider comes at the same time that Governor Money has re-launched its website - GovernorMoney.com – with a simpler, more streamlined feel and added features including a calculator to show savers how much interest they could be losing by failing to move their savings on a regular basis.

Since launch earlier this year, Governor Money has been able to offer a range of exclusive Cash ISA rates. According to current Moneyfacts listings, the Cash ISA range now has the rates that match some of the best currently available in the market for a two year term as well as market leading three and four year fixed rate Cash ISAs*.

2 years – 3.75% fixed (AER/ gross)
3 years – 4.00% fixed (AER/ gross)
4 years – 4.50% fixed (AER/ gross)

In addition, Governor also has one of the leading 1 year Cash ISA fixed rates. All of these are exclusive products and rates that are only available through Governor Money. Governor Money accepts both current tax year allowances and also Cash ISA transfers from previous years’ subscriptions.

*According to Moneyfacts listings 5/10/2011