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Principality Building Society

  • Five top paying savings accounts – earn up to 7.5 per cent

    Money

    Savings accounts are staging a fiery comeback as UK providers battle to attract customers. With the cost-of-living still rumbling on and interest rates beginning to shift, there’s prime opportunities to put money to work. A number of top accounts have upped rates in recent months – some over seven per cent – helping in a [...]

    Firms are raising their offering on savings accounts. (Image PA)
  • Principality Building Society’s profit nearly halves as lower rates offset mortgage boost

    Banking

    Principality Building Society, the largest mutual lender in Wales, has seen its profit nearly cut in half as mortgage price wars and looming interest rate cuts dragged on its lending margins.

    UK banks and building societies have seen a dent to their profits in recent months as the Bank of England moved closer to cutting interest rates for the first time since March 2020.

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