Money News
Principality Building Society has unveiled a new e-SAVER online savings account which will be available from 19 March 2007. The minimum balance of £1 pays savers a highly competitive rate of 5.60% gross p.a., which is calculated daily. The Principality e-SAVER, which is the society's first online savings account, is an instant access account which may be opened and managed entirely online.
e-SAVER has the additional 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.
Formed in 1860, Principality is Wales's largest building society with more branches (50) in Wales than any other building society. Principality is also the 11th largest building society in the UK.
14 March 2007 © Moneyextra.com
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