New Principality two-year bond offers guaranteed 4.25%

5 November 2009
Although the Bank of England interest rate has remained at a record low for another month, savers can still find a great home for their cash with the launch of Principality Building Society's new two-year fixed rate bond offering a guaranteed 4.25% AER.

The bond is open to investments from £500 up to £1 million, and savers can opt to have their interest paid annually, or monthly to boost their income. In addition, savers can make additional deposits into their two-year bond whilst it remains on sale.

James Wright, Marketing Director of Principality Building Society, says: "Just because we are still in a low interest rate environment does not mean that savers have to suffer low returns on their money. With Principality's new two-year bond, people know that their money is being looked after by a building society with a 150 year history, an award-winning reputation for consistently high interest rates, and of course a guaranteed return on their savings."

Savers can apply for a two-year fixed bond online at principality.co.uk. Withdrawals are not allowed, although closure of the bond is permitted subject to the loss of 180 days' gross interest.