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Maturity Limited Access Cash ISA (Issue 4)

Cynnyrch adeg aeddfedu yw hwn. Fe'i luniwyd i'ch gwobrwyo am fod yn un o'n Haelodau cynilo ffyddlon.

  Summary Box
Beth yw'r gyfradd llog? 6.00%    Gross* each year/AER† (Variable)

(See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page)

We work out the interest on the money in the account daily and pay it into the account on 1 January each year.
A all y Principality newid y gyfradd llog? Yes, Variable interest rates can go up or down.
  • If you have £100 or more in the account, we will give you notice of any reduction in interest rates at least 14 days before the change takes effect.
  • For more information, see the section Changes to Interest rates in our Savings Terms and Conditions.
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    Beth fyddai'r balans amcangyfrifedig ar ôl 12 mis yn seiliedig ar adnau o £50? £619.50

    This is based on you paying in £50 a month for 12 months, making the first payment on the date the account was opened, no money being taken out of the account and no change to the interest rate.
    Sut ydw i’n agor a rheoli fy nghyfrif?
    • You must be 16 or over and be a UK resident (see your 1 Year Triple Access Regular Saver account terms).
    • This can be a joint account unless it was opened online. Accounts opened online cannot be joint accounts. You can't have more than one 1 Year Triple Access Regular Saver in your name. You can open the account in branch, at an agency or online.
    • If you open the account online you have to link the account to a current account in your name with another UK bank or building society in order to move money when you need it. You must manage your account using the online service, Your Account, at principality.co.uk.
    • If you open the account in branch you can manage the account in branch, at an agency, by post or using the online service. Your account, at principality.co.uk.
    • You must keep at least £1 (the minimum balance) in the account.
    • You do not have to make payments into the account every month.
    • The most you can pay in each month is £50, in one or more payments.
    • If your account reaches £600.00, you cannot pay anymore money in.
    • The account will come to an end (mature) after 1 year, on the anniversary of the account opening.
    A gaf i godi arian?
    • Yes, you can make 3 withdrawals from the account every calendar year.
    • Closing the account counts as a withdrawal.
    • On the 1st anniversary of opening the account, we will move your money to an easy access account available at the time.
    Gwybodaeth ychwanegol
    • Service charges and costs may apply to your account. These are set out in our Tariff of Charges.
    • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The interest rates quoted above were correct on 18/04/2024.
    • You can only open this account if you have a Principality fixed term account coming to the end of its fixed term
    • Open this ISA in branch, at an agency, by post or online
    • Pay in from £500 to £20,000 in the current tax year
    • Transfer in existing ISAs
    • Interest is paid each year on 6th April
    • You can take money out once every tax year
    • Enjoy the benefit of this being a flexible ISA
    • You can close or transfer this ISA at any time
    • We can stop accepting applications at any time. While it remains available you can only open it within 14 days of the date your existing Principality fixed term account comes to an end
    Blwch Crynodeb
      Blwch Crynodeb
    What is the interest rate? 0.65% Tax-free^ each year/AER† (Variable)

    (See the meanings of 'Tax-free' and 'AER' at the bottom of this page)

    Interest is calculated each day on the money in the account and paid on 6th April every year.
    Can Principality change the interest rate?
    • Yes, variable interest rates can go up or down.
    • If you have £100 or more in the account, we will give notice of any reduction in interest rates at least 14 days before the change takes effect.
    • For more information, see the section Changes to interest rates in our Savings Terms and Conditions.
    What would the estimated balance be after 12 months based on a £1,000 deposit? £1,006.50

    This is based on no further money being put in or taken out of the account and no change to the interest rate.
    How do I open and manage my account?
    • You must be a Principality customer with a savings account coming to the end of its fixed term (maturing).
    • You must be 16 or over and a UK resident (see your Maturity Limited Access Cash ISA account terms).
    • You can move money from your maturing Principality account in branch, at an agency, by post or online.
    • You must keep at least £500 (the minimum balance) in the account.
    • If your ISA reaches £20,000 during the 2022/2023 tax year you cannot pay any more money in. You cannot pay in more than the ISA Allowance each year.
    • You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance.
    • You can manage the account in branch, at an agency, by post, or by using the online service Your Account at www.principality.co.uk.
    • We can stop accepting new applications for this account at any time. You can open the account up to 14 days after the date your existing Principality account matures unless we remove it from sale.
    Can I withdraw money?
    • Yes, you can make one withdrawal from your ISA every tax year.
    • You can close or transfer your ISA at any time without losing interest.
    • This is a flexible ISA. This means you’ll be able to take money out of it and replace that money before the end of the same tax year, without the replacement contributing to your annual ISA allowance.
    Additional information
    • Service charges and costs may apply to the account. These are set out in our Tariff of Charges.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The tax treatment of your savings depends on your individual circumstances and may change in future. This is set by HM Revenue and Customs (HMRC).
    • The interest rates quoted above were correct on 14/04/2022.
    Beth yw'r gyfradd llog? 0.65% Tax-free^ each year/AER† (Variable)

    (See the meanings of 'Tax-free' and 'AER' at the bottom of this page)

    Interest is calculated each day on the money in the account and paid on 6th April every year.
    A all y Principality newid y gyfradd llog?
    • Yes, variable interest rates can go up or down.
    • If you have £100 or more in the account, we will give notice of any reduction in interest rates at least 14 days before the change takes effect.
    • For more information, see the section Changes to interest rates in our Savings Terms and Conditions.
    Beth fyddai'r balans amcangyfrifedig ar ôl 12 mis yn seiliedig ar adnau o £1,000? £1,006.50

    This is based on no further money being put in or taken out of the account and no change to the interest rate.
    Sut ydw i’n agor a rheoli fy nghyfrif?
    • You must be a Principality customer with a savings account coming to the end of its fixed term (maturing).
    • You must be 16 or over and a UK resident (see your Maturity Limited Access Cash ISA account terms).
    • You can move money from your maturing Principality account in branch, at an agency, by post or online.
    • You must keep at least £500 (the minimum balance) in the account.
    • If your ISA reaches £20,000 during the 2022/2023 tax year you cannot pay any more money in. You cannot pay in more than the ISA Allowance each year.
    • You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance.
    • You can manage the account in branch, at an agency, by post, or by using the online service Your Account at www.principality.co.uk.
    • We can stop accepting new applications for this account at any time. You can open the account up to 14 days after the date your existing Principality account matures unless we remove it from sale.
    A gaf i godi arian?
    • Yes, you can make one withdrawal from your ISA every tax year.
    • You can close or transfer your ISA at any time without losing interest.
    • This is a flexible ISA. This means you’ll be able to take money out of it and replace that money before the end of the same tax year, without the replacement contributing to your annual ISA allowance.
    Gwybodaeth ychwanegol
    • Service charges and costs may apply to the account. These are set out in our Tariff of Charges.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The tax treatment of your savings depends on your individual circumstances and may change in future. This is set by HM Revenue and Customs (HMRC).
    • The interest rates quoted above were correct on 14/04/2022.
    Cymorth a chanllawiau
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    Guides Read more for top tips on saving and answers to your savings and ISA questions.

    Contact us If you would like to speak someone for help give us a quick call. 

    Before you apply, please read the Maturity Limited Access Cash ISA (Issue 4) Terms & Conditions 

    You can only invest in one Cash ISA per tax year.

    As you will be bound by the Account Terms and your information is held in accordance with our privacy policy, you should read, print and save the below documents for your records. If you have any queries relating to them, please contact us for further information.

    Please also read the following:

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    ^ Tax-free means UK Income Tax and Capital Gains Tax is not deducted from the interest you earn. This depends on your individual circumstances, and may change in future.

    † AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid once each year on the whole balance, including previous interest payments.

    Pam y Principality?

    • 6ed cymdeithas adeiladu fwyaf y DU
    • Cymdeithas adeiladu gydfuddiannol, sy’n eiddo i’n 500,000 o aelodau ac yn cael ei rhedeg er eu lles
    • Dros 150 mlynedd o brofiad
    • Gofalu am werth dros £10 biliwn o asedau ein cwsmeriaid

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