2 Year Fixed Rate Cash ISA

Our 2 Year Fixed Rate ISA may be right for you if you have a lump sum to invest and you can leave your investment untouched for 2 years.

  Interest rate Balance Tax-free^ p.a. AER†
Annual interest £500 - £15,240 0.90% 0.90%
Monthly interest £500 - £15,240 0.90% 0.90%
  • Save online, in branch or by post
  • Save from £500 to £15,240
  • Transfer in your existing ISA
  • Interest is calculated daily and paid monthly or annually
  • Additional deposits permitted while the ISA remains on sale
  • No withdrawals allowed before the end of the 2 year term
  • Closure permitted subject to loss of 180 days' interest
  • Limited availability
  Summary Box
Account Name 2 Year Fixed Rate Cash ISA Issue 160
What is the interest rate?
AER†
Tax-free^ p.a.
Fixed annual interest
0.90%
0.90%
Fixed monthly interest
0.90%
0.90%

Interest is calculated on your daily balance and paid annually on the anniversary of your ISA opening or monthly, paid one month after the date on which your ISA is opened, and then monthly after that, depending on what you choose.
Can Principality change the interest rate? No, the rate on this ISA is fixed for 2 years until maturity.
What would the estimated balance be after 24 months based on a £1,000 deposit? £1,018.08 (based on the assumption that you chose to have interest paid annually and added to your ISA and that no further deposits were made).
How do I open and manage my account?
  • You must be aged 16 or over, a UK resident for tax purposes and an individual applicant to open and operate this account.
  • Open your account in branch, agency, online or by post.
  • The minimum balance is £500 and you can save up to the current annual Cash ISA limit of £15,240 (plus transfers-in of existing ISA balances) in this tax year. The minimum balance must be maintained to operate the account.
  • You can keep making deposits while the ISA remains on sale.
  • The ISA will mature after 2 years on the anniversary of opening.
  • Manage your ISA in branch, agency, online or by post.
Can I withdraw money?
  • No withdrawals permitted prior to maturity.
  • Early closure or transfer to another ISA provider permitted subject to 180 days’ loss of interest.
  • We will write to you before your ISA matures to let you know what other ISAs we can offer you.
  • If we don't receive any instructions from you before your ISA matures, your ISA will be transferred to our Variable Rate Cash ISA or its nearest equivalent.
Additional information
  • Service charges and costs may apply to your account. These are outlined in our Tariff of Charges.
  • In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.
  • Rates correct as at 25/11/16.

Before you apply below, please read the 2 Year Fixed Rate ISA Issue 160 Terms & Conditions

If you are transferring previous years' ISA subscriptions, please enter your initial deposit as £500 on the application form. The application form will ask you whether you are making a transfer later in the process.

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

As you will be bound by the Account Terms of the ISA, you must read them. If you do not understand any of the terms and conditions please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

^ Tax-free means the interest you earn is exempt from UK Income Tax and Capital Gains Tax. Tax treatment depends on your individual circumstances and may not be maintained in future.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.

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