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Principality launches new fixed rate bond


Principality is launching a new fixed rate bond for loyal members with its annual interest rate of 5.10 per cent gross.

The Welsh building society is offering the bond on a limited basis to customers who have held an account or a mortgage for at least three years.

The rate of 5.10 per cent gross is fixed for two years, maturing on the second anniversary of when the account was opened.

Maximum investment is £5,000 for individuals and £10,000 for joint applicants.

Principality managing director Tracy Morshead says: “As a mutual organisation, Principality wanted to reward loyal customers for their support and the members’ bond is designed to do exactly that.”

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