1 Year Triple Access Regular Saver

Our 1 Year Triple Access Regular Saver is a regular saver account aimed at helping people start their savings journey. With a maximum monthly deposit of £50, and no requirement to pay in every month, this account may be right for you if you want to start a monthly saving habit.
  Summary Box
What is the interest rate? Fixed annual interest      4.17% Tax-free^ each year      4.17% AER†
Fixed monthly interest    4.09% Tax-free^ each year      4.17% AER†

(See the meanings of ‘Tax-free’ and ‘AER’ at the bottom of the page)

Interest is calculated each day on the money in the account and paid:
  • annually (each year), on each anniversary of your ISA opening; or
  • monthly, starting one month after the date your ISA is opened, and then each month after that;
    whichever you choose.
  • Can Principality change the interest rate? No, the rate is fixed for five years until the ISA matures (when the account comes to an end).
    What would the estimated balance be after 60 months based on a £1,000 deposit? £1,226.63

    This is based on you choosing to have interest paid annually and added to your ISA, and not making any further payments into the account.
    How do I open and manage my account?
    • You must be a UK resident and satisfy the minimum age requirements to open a cash ISA (see your 5 Year Fixed Rate Cash ISA account terms).
    • You can open your ISA in branch, at an agency or online. If you want to open this ISA with funds from a Principality fixed term ISA that has matured, you can do this online, in branch, at an agency or by post.
    • You must keep at least £500 (the minimum balance) in the account.
    • You cannot pay in more than than the ISA Allowance each tax year. The ISA Allowance for the current tax year (2024/2025) is £20,000. You can only pay your ISA Allowance into one Principality cash ISA in the current tax 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 must make the first payment into your ISA within five business days of it opening. If you don’t, we may close the account.
    • You can keep making payments into your ISA while we are still offering this ISA to customers.
    • Your ISA will mature after 5 years, on the anniversary of the account opening.
    • You can manage the account in branch, at an agency, by post or online through our Your Account service at principality.co.uk.
    Can I withdraw money?
    • No, you cannot make withdrawals from your ISA before it matures.
    • If you close or transfer your ISA before the end of the fixed-rate term (within five years), you will lose 360 days’ interest. If you haven’t earned enough interest to cover the 360 days’ interest it will be taken from the money in the account. This means you may get back less than you originally put in.
    • We will write to you before your ISA matures to find out what you want to do with your money.
    • If we don’t receive any instructions from you before your ISA matures, we will move your money to our Variable Rate Cash ISA or the nearest equivalent we offer at the time.
    Additional information
    • Service charges and costs may apply to your ISA. 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 the future. This is set by HM Revenue and Customs (HMRC). Further information can be found at gov.uk/individual-savings-accounts/how-isas-work
    • The interest rates quoted above were correct on 13/06/2024.
    Beth yw'r gyfradd llog? Fixed annual interest      4.17% Tax-free^ each year      4.17% AER†
    Fixed monthly interest    4.09% Tax-free^ each year      4.17% AER†

    (See the meanings of ‘Tax-free’ and ‘AER’ at the bottom of the page)

    Interest is calculated each day on the money in the account and paid:
  • annually (each year), on each anniversary of your ISA opening; or
  • monthly, starting one month after the date your ISA is opened, and then each month after that;
    whichever you choose.
  • A all y Principality newid y gyfradd llog? No, the rate is fixed for five years until the ISA matures (when the account comes to an end).
    Beth fyddai'r balans amcangyfrifedig ar ôl 60 mis yn seiliedig ar adnau o £1,000? £1,226.63

    This is based on you choosing to have interest paid annually and added to your ISA, and not making any further payments into the account.
    Sut ydw i’n agor a rheoli fy nghyfrif?
    • You must be a UK resident and satisfy the minimum age requirements to open a cash ISA (see your 5 Year Fixed Rate Cash ISA account terms).
    • You can open your ISA in branch, at an agency or online. If you want to open this ISA with funds from a Principality fixed term ISA that has matured, you can do this online, in branch, at an agency or by post.
    • You must keep at least £500 (the minimum balance) in the account.
    • You cannot pay in more than than the ISA Allowance each tax year. The ISA Allowance for the current tax year (2024/2025) is £20,000. You can only pay your ISA Allowance into one Principality cash ISA in the current tax 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 must make the first payment into your ISA within five business days of it opening. If you don’t, we may close the account.
    • You can keep making payments into your ISA while we are still offering this ISA to customers.
    • Your ISA will mature after 5 years, on the anniversary of the account opening.
    • You can manage the account in branch, at an agency, by post or online through our Your Account service at principality.co.uk.
    A gaf i godi arian?
    • No, you cannot make withdrawals from your ISA before it matures.
    • If you close or transfer your ISA before the end of the fixed-rate term (within five years), you will lose 360 days’ interest. If you haven’t earned enough interest to cover the 360 days’ interest it will be taken from the money in the account. This means you may get back less than you originally put in.
    • We will write to you before your ISA matures to find out what you want to do with your money.
    • If we don’t receive any instructions from you before your ISA matures, we will move your money to our Variable Rate Cash ISA or the nearest equivalent we offer at the time.
    Gwybodaeth ychwanegol
    • Service charges and costs may apply to your ISA. 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 the future. This is set by HM Revenue and Customs (HMRC). Further information can be found at gov.uk/individual-savings-accounts/how-isas-work
    • The interest rates quoted above were correct on 13/06/2024.
    • Open in branch, at an agency or online
    • Pay in up to £50 each month, in one or more payments
    • You don't have to pay money in every month
    • Interest is calculated on the money in the account each day and paid each year on 1 January
    • You can take money out up to three times every calendar year
    • You can close the account at any time but closure counts as a withdrawal
    • Only one of the current issue per person
    • We can stop accepting applications at any time
    Blwch crynodeb
      Blwch Crynodeb
    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.
  • 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.
    Cyfrifo eich cynilion

    Savings calculator

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    1. The results displayed were dependent on the information you provided and are for illustrative purposes only and are by no means an indication of being suitable for your individual circumstances.
    2. The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
    3. It has been assumed that no withdrawals or additional deposits would be made from the account during the saving duration, and that the interest rate also remains the same during this time (note that interest rates on variable rate savings account are subject to change, and when fixed rate deals end, there is no guarantee that the same rate will be available in the future). 

    Before you apply below, please read the 1 Year Triple Access Regular Saver Terms & Conditions

    As you will be bound by the account terms and your information 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:

     

    * Gross interest is the rate of interest before income tax is deducted at the rate set by law.

    † 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.