Principality launches new four-year fixed-rate bond

Principality Building Society is offering a new four-year fixed-rate bond offering a 5.1 per cent AER.

In news of interests to consumers seeking the best savings rates, the lender has made the product available for account holders wishing to invest between £1,000 and £250,000.

According to Principality, account holders are gaining access to "one of the best rates currently available" and a guaranteed return.

James Wright, marketing director at Principality Building Society, said the new bond added "a new dimension" to the lender's range of products.

"By choosing Principality's market-leading interest rate of 5.1 per cent AER, fixed for four years, savers will have the confidence of knowing their money is growing and is being looked after by a trusted building society," he added.

Earlier this week, Chelsea Building Society warned that many savers are failing to check the best interest rates available.

Product manager Jenny Hudd suggested that they should be aiming to monitor their accounts on a daily basis and check the market to see what is available.

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2009-10-09 13:44:31 © Moneyextra.com