12 January 2016
Principality Building Society introduces Principality Stadium Celebration Bond
Principality Building Society has launched the new Principality Stadium Celebration Bond to mark the start of its historic 10-year partnership with the Welsh Rugby Union (WRU).
The three-year fixed rate bond, paying 2.40% p.a. Gross/AER*, is one of a range of benefits for Principality’s members and customers associated with the new partnership, which includes the renaming of the home of Welsh rugby to Principality Stadium.
The competitively priced bond is ideal for customers who want to know how much interest they will earn over the fixed period, and are happy to leave their savings untouched for three years; withdrawals are not permitted, but if you need access to your money early closure will be possible subject to 270 days’ loss of interest.
The Principality Stadium Celebration Bond can be opened with a minimum deposit of £500 and a maximum of £20,000 as an individual customer, or £40,000 as joint customers. Additional deposits can be made while the bond remains on sale up to the maximum limit of £20,000 per individual and £40,000 as joint customers.
The bond marks the start of the new partnership between Wales’ largest building society and the WRU, which will help encourage, develop and grow Wales’ national game at all levels.
Launching this month, the partnership will open up many opportunities for Principality Building Society’s 500,000-plus members, customers and employees who will receive exclusive offers, early access to WRU tickets and money-can’t-buy experiences at the home of Welsh rugby.
Principality Building Society’s Savings Manager Kate Murray said: “The new Principality Stadium Celebration Bond marks an exciting start to what’s in store for our members and customers as we embark on this major partnership with the WRU. It will leave customers with the peace of mind that their savings are safe for the term duration, making a return of 2.40% annually.
“We’re committed to ensuring our members and customers experience great value during this ongoing partnership over the next ten years, and the launch of this product is just the start of a string of benefits that are to come.”
The Principality Stadium Celebration Bond can be opened in any of the Society’s 53 branches and 18 agencies across Wales and the Borders, online at www.principality.co.uk or by calling 0330 333 4000 to request an application pack.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.