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FIXED TERM SAVINGS

Fixed term savings and bonds secure your money for a set period of time while earning competitive interest rates. Choose to invest your money for 1,2,3 or 5 years with fixed term savings and bonds from Principality. You have the option of a fixed or variable interest rate and interest can either be calculated daily or monthly and paid into a bank account of your choice. It is easy to apply online, send an application form via the post or visit a Principality branch near you. Once you have opened an account, you can manage your savings by post or by visiting your local branch. All our fixed term savings and bonds are subject to availability and sale periods.

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Fixed Term Bonds

Receive a competitive interest rate by investing your money for a fixed period of time usually between 1 and 5 years. Withdrawals are not permitted on fixed term bonds until the bond reaches maturity, at the end of the fixed term. See individual bonds for details of investment limits and closure.

Fixed Term Savings and Bonds
Gross* AER† Includes bonus Minimum to open Withdrawal notice More details
5 Year Fixed Rate Bond Issue 210 3.75% 3.75% N/A £500 Not permitted More about this product

A fixed rate of interest for five years means you'll always know exactly what returns you'll receive and it's unaffected by changes in interest rates.

  • Fixed interest rate
  • Interest is calculated daily and you can choose to have your interest paid monthly or annually
  • Invest from £500 to £2 million
  • Additional deposits permitted while the bond remains on sale
  • No withdrawals permitted prior to Maturity. Closure permitted subject to loss of 360 days' gross* interest
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3 Year Fixed Rate Bond Issue 209 3.50% 3.50% N/A £500 Not permitted More about this product

A fixed rate of interest for three years means you'll always know exactly what returns you'll receive and it's unaffected by changes in interest rates.

  • Fixed interest rate
  • Interest is calculated daily and you can choose to have your interest paid monthly or annually
  • Invest from £500 to £2 million
  • Additional deposits permitted while the bond remains on sale
  • No withdrawals permitted prior to Maturity. Closure permitted subject to loss of 270 days' gross* interest
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2 Year Fixed Rate Bond Issue 208 3.30% 3.30% N/A £500 Not permitted More about this product

A fixed rate of interest for two years means you'll always know exactly what returns you'll receive and it's unaffected by changes in interest rates.

  • Fixed interest rate
  • Interest is calculated daily and you can choose to have your interest paid monthly or annually
  • Invest from £500 to £2 million
  • Additional deposits permitted while the Bond remains on sale
  • Limited availability
  • No withdrawals permitted prior to Maturity. Closure permitted subject to loss of 180 days' gross* interest.

 

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Cancer Research Wales Bond 3.06% 3.05% N/A £500 Not permitted More about this product

The great way to save while helping the fight against cancer.

Principality's staff have chosen Cancer Research Wales as their charity of the year. As part of our support we've devised a special savings bond to help raise vital funding.

All the money raised for Cancer Research Wales will be spent within Wales, funding research projects at centres of excellence like the Velindre Cancer Centre in Cardiff.

Cancer Research Wales Bond - here's how it works

  • Invest any amount from £500 to £2 million and your savings will attract 3.05% AER†/3.06% Gross*  fixed interest for 15 months 
  • The amount we will donate to our Charity of the Year will be the equivalent of 12 months interest paid at 0.10% Gross* p.a./AER† on the total amount held in the Cancer Research Wales Bond on the 31 December 2012
  • Bond Matures 15 months after the date of opening
  • No withdrawals or closure prior to Maturity
  • Interest on your Bond is calculated daily and paid on Maturity
  • Limited availability
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1 Year Variable Rate Bond Issue 205 3.00% 3.00% N/A £500 Not permitted More about this product

A fixed term of one year with a variable interest rate which will not fall below the starting rate during the term of the bond.

  • Variable interest rate
  • Interest is calculated daily and you can choose to have your interest paid monthly or annually
  • Invest from £500 to £2 million
  • Additional deposits permitted while the Bond remains on sale
  • Limited availability
  • No withdrawals or closure permitted before the end of the 1 year term

 

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1 Year Regular Saver Bond Issue 11 4.00% 4.00% N/A £20 Not permitted More about this product

With a competitive fixed rate of interest on your regular savings, all it takes is to save a bit each month and you could soon be enjoying the things in life you want.

  • Fixed interest rate
  • Interest is calculated daily and paid on Maturity
  • Invest from £20 to £500 per calendar month for 12 months to achieve published interest rate
  • Customers who miss a payment or make a monthly payment of under £20 or in excess of £500, or close the bond prior to Maturity, will not receive the above interest rate.
  • If you make a £500 cash investment into your Bond each month on the same date as the date your bond was opened you will earn £130 gross* interest at Bond Maturity
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* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.

# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.

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Principality Building Society is authorised and regulated by the Financial Services Authority (Authorisation No. 155998). Principality Building Society, Principality Buildings, Queen Street, Cardiff, CF10 1UA.