Principality Building Society Monthly Income Account
Compare the Principality Building Society Monthly Income Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Principality Building Society Monthly Income Account details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Principality Building Society www.principality.co.uk | ||
| Product: | Monthly Income Account | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Notice | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 4.49% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | No minimum age. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Minimum Investment: | The minimum investment required to open this account is £1. | ||
| Maximum Investment: | The maximum investment allowed on this account is £1000000. | ||
| Minimum Balance: | The minimum balance is £1. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 4.25% 4.25% 4.33% £50,000 4.40% 4.40% 4.49% | ||
| Interest Payment Freq: | Interest is paid monthlyon the 1st of the month. | ||
| Managing Account | |||
| Passbook: | A passbook is provided when this account is opened. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions cannot be made by telephone. | ||
| Transactions by Internet: | Transactions cannot be made via internet. | ||
| Transactions by Post: | Transactions can be made by post. | ||
| Special Access: | 1 instant penalty free wdl of 20% of bal per 12 m period, otherwise 60 days' notice or 60 days' penalty. Closure terms same as wdl. | ||
| Withdrawal Conditions: | Withdrawal Conditions - One penalty free instant access withdrawal of up to 20% of the balance is allowed in each 12 month period. All other withdrawals are subject to a notice period of 60 days, if the notice period is not given an interest penalty of 60 days' is applied when the withdrawal is made. Closure terms are the same as withdrawal terms. | ||
| Fees & Charges | |||
| Withdrawal Notice: | A notice period of 60 days is required for withdrawals. | ||
| Withdrawal Notice (days): | A notice period of 60 days is required for withdrawals. | ||
| Withdrawal Penalty: | An interest penalty of 60 days is applied when the withdrawal is made, if notice is not given. | ||
| Withdrawal Charge: | No charge is applied on withdrawals. | ||
| W/d Notice/Penalty/Charge: | A notice period of 60 days is required for withdrawals, if the notice period is not given an interest penalty of 60 days is applied when the withdrawal is made. | ||
| Compare | |||
| Products: | www.principality.co.uk Savings | ||
