Skip to content

Search the Principality Site

You are here: 

> > > e-Saver Issue 11

e-Saver Issue 11

1.00%
Gross* p.a. / AER†
  • Variable interest rate
  • Save from £1 to £1 million
  • Interest is calculated daily and paid annually into your account
  • Open your account and manage your money online only
  • No notice needed to transfer out money
Account Name - e-SAVER Issue 11
Interest rate Balance Gross* p.a. AER† Net#
Variable£1 - £1,000,0001.00%1.00%0.80%
See summary information
Show all details Hide all details
  • Open and manage your account online

  • You can open an e-Saver account with just £1

  • You can transfer your money in and out of your account when you want

  • Interest is calculated daily and paid on the 1 January every year

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

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

# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.

Summary Box - Key Product Information for our Savings Account(s)

Account Name - e-SAVER Issue 11
Interest rate Balance Gross* p.a. AER† Net#
Variable£1 - £1,000,0001.00%1.00%0.80%

Tax status

Tax will be deducted from your interest before it is paid into your account. If you are not a UK taxpayer and want to receive your interest without tax being deducted, you will need to provide us with a completed R85 form or non-written registration with us and comply with the other requirements of Condition 41 of the General Conditions.

Conditions for bonus payments

Not applicable

Withdrawal arrangements

You do not have to give notice. Any transfers out must be made to the account linked with your e-Saver Issue 11 account. Your balance must not fall below the £1 minimum balance.

Access

This account can only be opened and managed online.

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

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

# Net is the rate of interest payable after the deduction of income tax at the rate specified by law.

GUIDES TO SAVING

Watch our video guide to savings (04:04)

Savings video still

Get more from your savings with our top 10 tips to saving.

Watch our video guide to ISAs (04:03)

Your top 10 ISA questions answered on tax-free savings accounts.

Before you apply for an e-Saver Issue 11 account you must:

  1. Be comfortable using a computer
  2. Be over the age of 16
  3. Be a UK resident for tax purposes
  4. Have your address details, including postcode, to hand
  5. Have an email address
  6. Have a current account with another UK bank or building society
  7. Be an individual (not joint) applicant. Please note, online accounts cannot be operated under Power of Attorney

e-Saver Issue 11 Account Terms

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

 

Savings Calculator
£ can be from £1 to £1000000
£ can be from £0 to £1000000
(Minimum duration is 1 months)

*Calculations are for illustrative purposes only and assume interest is paid gross of income tax on an annual basis.

WAYS TO APPLY

For account servicing or technical help
call us on: 0330 333 4000

Opening hours are 8am - 8pm Monday to Friday and 9am - 1pm on Saturday.

 

To help us maintain our service and security standards, telephone calls may be monitored or recorded. Your personal details may be used by Principality Building Society to contact you about your application.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.