Branch Instant Access Cash ISA

• 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
• Take money out whenever you need to
• 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

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	Blwch Crynodeb
Beth yw'r gyfradd llog?	3.50% 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 6 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 on changes to interest rates, 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?	£1,035.00 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 UK resident and satisfy the minimum age requirements to open a cash ISA (see your Branch Instant Access Cash ISA account terms). You can open your ISA 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. 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 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?	Yes, you can make a withdrawal or close your ISA at any time. 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 towards 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 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 06/04/2024.

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Savings calculator

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Amount must be less than 20000

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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). 
   

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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 Branch Instant Access Cash ISA 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 Instant Access Cash ISA 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

^ 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.

* 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.

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.

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