Branch 5 Access Bonus Cash ISA Issue 2

• Open this ISA in branch or at an agency
• Pay in from £1 to £20,000 in the current tax year
• You can only pay your ISA Allowance into one Principality Cash ISA in the current tax year
• Transfer in existing ISAs
• Interest is paid each year on 6th April
• You can take money out five times in 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

• Summary Box
• Calculate your savings
• Help & guidance

Summary Box

	Summary Box
What is the interest rate?	Interest rate without bonus 3.30% Tax-free*/AER† (Variable) each year Interest rate with bonus (variable bonus rate of 1.05% included for the first 12 months) 4.35% Tax-free*/AER† (Variable) each year (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 6 April every year. The interest rate you receive will be the rate with bonus for the first 12 months. After 12 months the rate will change to the rate without bonus. We will notify you to remind you before this happens.
Can Principality change the interest rates?	Yes, both the interest and the bonus rates can go up or down. If you have £100 or more in the account, we will give notice of any reduction in interest or bonus rates at least 14 days before the change takes effect. When the interest rate changes to the interest rate without bonus, we will send you a reminder 14 days before this happens, no matter how much money you have in the account. For more information on changes to interest rates, see the section Changes to interest rates in our Savings Terms and Conditions.
What would the estimated balance be after 12 months and 24 months based on a £1,000 deposit?	Estimated balance after 12 months £1,043.50 (interest rate of 4.35% AER includes variable bonus rate of 1.05% tax-free for the first 12 months) Estimated balance after 24 months £1,077.94 (only the underlying interest rate of 3.30% AER is paid for months 13 to 24) This is based on no further money being put in or taken out of the account and no change to the interest or bonus rate.
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 Branch 5 Access Bonus Cash ISA account terms). You can open the account in branch or at an agency. You must keep at least £1 (the minimum balance) in the account. You cannot pay in more 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.
Can I withdraw money?	Yes, you can make five withdrawals 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 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 12/09/2024.

Calculate your savings

---

Savings calculator

Initial deposit

Please enter amount

Amount must be less than 20000

Monthly amount

Please enter amount

Amount must be less than 20000

Saving duration

Select years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

Please choose a duration

Saving duration

Select months 0 1 2 3 4 5 6 7 8 9 10 11 12

Please choose a duration

 

Calculate

---

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). 
   

Help & guidance

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 Branch 5 Access Bonus Cash ISA Issue 2 Terms & Conditions

You can only invest in one Principality 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.

• Branch 5 Access Bonus Cash ISA Issue 2 Account Terms and Summary 
• Savings Terms and Conditions 
• Privacy Policy 

Please also read the following:

• Basic information about the protection of your eligible deposits
• Electronic Verification Guide
• Tariff of Charges
• Your Information

Putting money into your savings account Once you've opened your savings account, for most accounts you should pay money in within 5 business days. Click here for information on how you can do that.

Why Principality?

Helpful information

Useful Documentation

We are covered by the FSCS

Find out more about what it means for you.