Principality launches e-SAVER 5 with 3.01% interest

Wednesday, 29 February 2012 08:43

Principality Building Society is today releasing the fifth edition of its e-SAVER account, designed to reward online savers with 3.01 per cent gross p.a. /AER (variable).

The e-SAVER 5 includes a bonus of 1.36 per cent for the first 12 months, after which point the account will revert to the Principality e-SAVER 1, an account that was awarded by Moneyfacts in 2009 for being the most consistent on the market for 18 months.

The online account can be opened with £1 upwards and there are no limits on the number and size of deposits savers can make, up to a maximum balance of £1 million.

James Ablett at Principality Building Society said the e-SAVER 5 offers a good balance between excellent returns and access to funds.

He said: “Our e-SAVER accounts are designed to reward savers while still offering long term value, ensuring a good, consistent rate of return beyond the first 12 months.”

Interest is calculated daily and paid annually on January 1 into the account.


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