Principality BS Launches 3year 5.11% Bond

Steve_xx

DIRECT FIXED RATE BOND Issue 143: a fixed term postal operated account maturing 31.10.12 with a minimum investment of £1K paying 5.11% yearly (4.99% monthly).

Earlier access on closure only on 360 day loss of interest. No additions permitted. Can apply online. Maximum investment £250K.

Hungerdunger

Thanks, Steve, for this and other tips you have provided recently. However the "icing on the cake" would be if you could also provide a link (assuming you have already accessed the web page), like this

Steve_xx

Hungerdunger wrote: »

Thanks, Steve, for this and other tips you have provided recently. However the "icing on the cake" would be if you could also provide a link (assuming you have already accessed the web page), like this

Yes sometimes I provide a link, but today I was in a bit of a rush to go out, and so I forgot to link it. But, good point, and I will endeavour to link on future findings.

Jonbvn

Hungerdunger wrote: »

Thanks, Steve, for this and other tips you have provided recently. However the "icing on the cake" would be if you could also provide a link (assuming you have already accessed the web page), like this

IMHO your comment is overly harsh. Surely anyone is capable of a simple google search?

musehead

They must be expecting interest rates to be quite high in 3 years time.... or they are short on cash.

ManAtHome

I suspect they (and many others) are short of cash. I don't reckon any bank or BS thinks "rates will be higher, so's we'll give the punters a good deal" - they all have heaps of mortgage debt to roll over and wholesale/institutional funding has legged it.

twokcc

Steve_xx wrote: »

DIRECT FIXED RATE BOND Issue 143: a fixed term postal operated account maturing 31.10.12 with a minimum investment of £1K paying 5.11% yearly (4.99% monthly).

Earlier access on closure only on 360 day loss of interest. No additions permitted. Can apply online. Maximum investment £250K.

I would't invest in this, who knows what will happen to interest rates in the next 3 years. The rate of 5.11% is great but if you have to withdraw loss of a full years interest is too big a penalty IMO. Obviuosly each individual will decide depending on there own circumstances but with an election due within the next 12 months interest rates MAY change dramatacilly after then instead of being held at an artifically low level.

kostigovs

twokcc wrote: »

I would't invest in this, who knows what will happen to interest rates in the next 3 years. The rate of 5.11% is great but if you have to withdraw loss of a full years interest is too big a penalty IMO. Obviuosly each individual will decide depending on there own circumstances but with an election due within the next 12 months interest rates MAY change dramatacilly after then instead of being held at an artifically low level.

I would and have done so. Not for a large amount though

Steve_xx

twokcc wrote: »

I would't invest in this, who knows what will happen to interest rates in the next 3 years. The rate of 5.11% is great but if you have to withdraw loss of a full years interest is too big a penalty IMO. Obviuosly each individual will decide depending on there own circumstances but with an election due within the next 12 months interest rates MAY change dramatacilly after then instead of being held at an artifically low level.

What happens to rates in three years time wont be relevant to this bond, because by that time it will have ended.

Hungerdunger

Jonbvn wrote: »

IMHO your comment is overly harsh. Surely anyone is capable of a simple google search?

Yes, but if he's already looking at the web page in question then it would save each of us a couple of minutes doing exactly the same search wouldn't it.

Anyway I can't really see how a polite request can be regarded as "overly harsh", even if you don't agree with it.

Andystriker

Anyone know if I apply online can I then send them a cheque?

Andy