New Isa launched by Principality BS

Thursday, 08 April 2010 12:00

Principality Building Society has launched a new regular saver Isa that pays a rate of four per cent.

The rate is fixed until April 5th 2011 and requires a minimum monthly investment of £20.

Savers can put up to £425 into their Isa every month via a standing order.

Interest is calculated on a daily basis, meaning that customers can maximise their earnings by setting up payments so they go into the account at the start of every month.

Those who do not make the maximum £425 per month deposit can top up their account next March.

"We understand that not everyone can afford to invest a lump sum in April," explains James Wright of Principality Building Society.

• Tags:
• products and companies