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e-Saver Issue 12

1.00%
Gross* p.a. / AER†
Variable
  • 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

Is this account right for me?

Not sure whether an e-Saver is the right account for you? Here’s a quick summary to help you decide before you apply.

e-Saver may be right for you, if; e-Saver may not be right for you, if;
You can open the account online and are comfortable managing your account online. You prefer to open or manage your account in your local branch, agency or by post.
You want the option of saving on a regular basis. You do not have an account with another UK bank or building society which can be used for payments into and out of your e-Saver account.
You want flexibility transferring your money to your linked account when you need it. You want to know how much interest you will earn each year.
You prefer a variable rate of interest which can go up or down. You prefer to tie up your savings for longer to get a higher rate of interest.
Account Name - e-SAVER Issue 12
Interest rate Balance Gross* p.a. AER† Net#
Variable£1 - £1,000,0001.00%1.00%0.80%
See summary information
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  • Open and manage your account online

    You can open your e-Saver from the comfort of your own home. The e-Saver gives you the flexibility to:

    - Carry out transactions whenever and wherever you are in the UK
    - View your account and personal details
    - View your balance, interest rates and statements
    - Contact us via secure message 24 hours a day and receive a response within office hours
    - Print savings tax certificates

    To make the most of the e-Saver, you need to be comfortable using a computer and navigating websites.

    If you forget your password and need access to your money, simply call us on 0330 333 4000 between 8am and 8pm Mon - Fri, or between 9am - 1pm Sat and we'll be happy to help.
  • You can open an e-Saver account with just £1

    The minimum balance is just £1 and maximum balance is £1,000,000. You need to keep at least £1 in your account for it to remain open.
  • You can transfer your money in and out of your account when you want

    You don’t have to give notice to transfer out your money. Any transfers out you make will be made to the bank account you choose to link with your e-Saver.
  • Interest is calculated daily and paid on the 1 January every year

    Interest is calculated daily and paid annually into your account

* 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 12
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 12 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.

Before you apply for an e-Saver Issue 12 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 12 Terms & Conditions

As you will be bound by the Account Terms of the account, 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:

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.