New five year fixed rate bond from Principality Building Society

Principality Building Society has launched a new 5 year fixed rate savings bond paying 5.3% AER.

There’s a minimum opening deposit for this new fixed rate savings bond of £500 and the maximum deposit is £1,000,000.

Paying the market-leading rate of 5.3% no doubt this will prove to be a popular bond with savers.

James Wright of Principality Building Society commented ‘Savers want their money to work as hard as possible, but they also want security for their cash and a guaranteed return on their investments – this new bond meets all those requirements.

The bond can be applied for online, by phone or at one of the Principality’s branches.