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5 Year Fixed Rate Bond Issue 252

2.20% AER† (Fixed)

Our 5 Year Fixed Rate Bond Issue 252 may be right for you if you have a lump sum to invest and can leave your investment untouched for five years.

  • Leave your money to grow for 5 years
  • Save online, in branch or by post
  • No withdrawals allowed
  • Save from £500 to £2 million
  • Closure permitted subject to loss of 360 days' gross* interest
  • Limited availability
Account Name - 5 Year Fixed Rate Bond Issue 252
Interest rates Account balance Gross* p.a. Net# p.a. AER†
Annual Interest£500 - £2,000,0002.20%1.76%2.20%
Monthly Interest£500 - £2,000,0002.18%1.74%2.20%
See summary information
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  • Earn a better interest rate by leaving your money for a fixed period

  • Manage your account online, in branch or by post

  • Once your Bond has matured you'll get instant access to your money

  • Interest is calculated daily and can be paid annually or monthly

* 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.

Summary Box - Key Product Information for our Savings Account(s)

Account Name - 5 Year Fixed Rate Bond Issue 252
Interest rates Account balance Gross* p.a. Net# p.a. AER†
Annual Interest£500 - £2,000,0002.20%1.76%2.20%
Monthly Interest£500 - £2,000,0002.18%1.74%2.20%

Interest rate fixed for 5 years and then reverts to the appropriate tier of our Instant Access Account

Tax status

Tax will be deducted from your interest before it is paid into your account. If you are not a UK taxpayer and want to receive your interest without tax being deducted you will need to provide us with a completed R85 form.

Conditions for bonus payments

Not applicable

Withdrawal arrangements

No withdrawals permitted prior to Bond Maturity. Closure permitted subject to loss of 360 days’ gross* interest

Access

Open and operate in branch, agency, online or by post

* 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.

GUIDES TO SAVING

Watch our video guide to savings (04:04)

Savings video still

Get more from your savings with our top 10 tips to saving.

Watch our video guide to ISAs (04:03)

Your top 10 ISA questions answered on tax-free savings accounts.

5 Year Fixed Rate Bond Issue 252 Terms & Conditions

As you will be bound by the Account Terms of your bond, you must read them. If you do not understand any of the terms and conditions please contact us for further information.

 

Savings Calculator
£ can be from £500 to £2000000
Minimum duration is 5 year(s)

*Calculations are for illustrative purposes only and assume interest is paid gross of income tax on an annual basis.

 

To help us maintain our service and security standards, telephone calls may be monitored or recorded. Your personal details may be used by Principality Building Society to contact you about your application.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.