Principality announces new range of ISA bonds for savers

Principality Building Society will launch (Wed July 1 ) a new range of fixed rate ISAs, including a 3 year direct fixed rate ISA paying a market leading rate of 4.20% AER.

The new ISA bond range includes: 1 Year Fixed Rate ISA 3.20% AER.

2 Year Fixed Rate ISA 3.50% AER.

2 Year Fixed Rate ISA 3.25% AER (allows transfers in).

3 Year Direct Fixed Rate ISA 4.20% AER (allows transfers in).

According to Principality data, the number of fixed rate ISAs being opened this year has increased by 50%, compared with 2008.

James Wright, Marketing Director at Principality Building Society, said: "ISAs have always been a must-have for every saver, but in the current environment they make more sense than ever before.

Encouragingly, more customers have opened an ISA with Principality this year as they seek both attractive rates and a safe home for their money - such important factors in today's climate.

With this new range, we are delighted to offer savers better, consistent returns that are guaranteed over the long term - so if you haven't used your tax-free allowance this year there is still time to make the most of your money.

Principality's Fixed Rate ISAs can be opened with a deposit of ?3,600 for 2009/10 tax year.

Further information is available online at www.principality.co.uk, or by phoning 0845 0450 452.

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