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The rate on this product will decrease from 3.25% to 3.10% (Gross* each year/AER†) on 05/12/2024. You may want to consider this before applying.

Branch Instant Access

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Is this account right for me?

The rate on this product will decrease from 3.25% to 3.10% (Gross* each year/AER†) on 05/12/2024. You may want to consider this before applying.

There are a few reasons why this account could suit you. This account is...

For the ones who
  • Want a variable interest rate
  • Want to make unlimited withdrawals
Not for the ones who
  • Want the certainty of a fixed rate

Summary box

This summary contains key information about our Branch Instant Access. You should read it carefully before applying.

3.25% Gross* each year / AER† (Variable) 
 
Interest is calculated each day on the money in the account and paid on 1 January every year. 

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. 

£1,032.50 
 
This is based on: 

  • No further money being put in or taken out of the account. 
  • No change to the interest rate. 
     

This calculation is for guidance only, to show you what a future balance could look like. It does not consider your individual circumstances. 

 

  • You must be a UK resident (see your Branch Instant Access 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. 
  • If the account reaches £2,000,000, you cannot pay any more money in.
  • You can manage the account in branch, at an agency, by post or by using a secure online profile with Principality.  

Yes, you can make a withdrawal or close the account at any time.

Service charges and costs may apply to the 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 and Customs (HMRC). For more information, visit gov.uk.

Children are not exempt from paying tax. If the total amount of interest earned by a child is more than their tax-free Personal Savings Allowance, they may have to pay tax directly to HM Revenue and Customs (HMRC). If a child earns more than £100 in interest during this tax year from money given by a parent, the parent may also have to pay tax. For more information, visit gov.uk. 

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 12/09/2024. 

Downloadable documents

Please take some time to review this important information. We recommend you download these and keep copies somewhere safe; you may choose to print them.

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Start saving today

Let's get you saving. You need to visit a branch to apply for this account:

  • Book an appointment or pop in
  • Chat with us and open your account
  • Start saving


Book an appointment

Additional information

*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 was paid and compounded once each year.
^Tax-free means the interest you earn isn't subject to UK Income Tax and Capital Gains Tax. Tax treatment depends on your individual circumstances and could change in future.