Permanent Interest Bearing Shares (PIBS) are non-redeemable securities issued by building societies that offer a fixed interest rate, usually between 10% and 13.5%, providing high yields in perpetuity. However, they carry significant risks and have a limited second-hand market.
Permanent Interest Bearing Shares (PIBS) are a type of high-yield investment traditionally offered by UK building societies, providing fixed interest payments to investors.
