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e-ISA ISSUE 3

Our e-ISA Issue 3 is the one for you if:

  • You’re looking for a great tax-free return and a bonus in your first year
  • You want to open and manage your Cash ISA online, giving you easy access
  • You want to be able to transfer your existing cash ISAs to this account
  • You want to save from £1 to the annual cash ISA limit (currently £5,640 for 2012/13)

Ways to apply

Apply online

You are here:

> > > e-ISA Issue 3

Understanding Savings

FAQs

Quick Links

Features & Benefits

  • This ISA can be opened and managed online, giving you easy and secure access to your statements and balance whenever you want. As part of increased security we may also contact you by text, phone, email or letter.

  • The rate includes an unconditional bonus of 1.30% above the standard e-ISA rate of 1.80% tax-free^ p.a./AER† (Variable). The bonus is payable for the first 12 months from the date you open your ISA.

  • If you already have a Cash ISA with someone else, you could enjoy a better rate on those savings with Principality. We outline the simple steps to making a transfer when you apply.

  • You don't pay income tax and capital gains tax on your ISA interest as long as you are eligible to open your ISA as set out in the ISA Regulations. Tax treatment depends upon your individual circumstances and may change in future.

  • You don’t have to give notice and there is no limit on the amounts you can withdraw as long as you maintain a minimum balance of £1. Any withdrawals made are via the account linked with your e-ISA Issue 3 account. Please note, funds withdrawn from an ISA cannot be replaced.

  • The minimum balance is just £1. The maximum deposit for the current tax year is £5,640 (the current annual cash ISA limit), and you can also transfer in your existing Cash ISA subscriptions.

  • To put money in your eISA you just need an account with another UK bank or building society to transfer funds into your e-ISA account, and you can arrange these transfers online when it suits you.

  • Once opened, you can set up a direct debit to make regular payments into your e-ISA, making it easier for you to save.

  • Interest is calculated daily and paid into your e-ISA account annually on April 6th each year.

  • Easy to open – takes just a few minutes online

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

^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 change in future.

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

Account Name - e ISA Issue 3
Interest Rates Balance Tax-free^ p.a AER† Bonus
Year 1
(variable)£1 plus3.10%3.10%rate includes 1.30% unconditional tax-free^ bonus for 1 year
Year 2
(variable)£1 plus1.80%1.80%no bonus payable

Tax status

Tax-free^

Conditions for bonus payments

An unconditional tax-free^ bonus of 1.30% is payable for the first 12 months.

Withdrawal arrangements

No notice required. Withdrawals must be made online via the account linked with your e-ISA Issue 3 Account. Your balance must not fall below the £1 minimum balance. Money withdrawn from your e-ISA cannot be replaced.

Access

This ISA can only be opened and managed online.

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

^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 change in future.

Savings Calucator
£ can be from £1 to £80000
£ can be from £0 to £80000
(Minimum duration is 1 months)

*Calculations are for illustrative purposes only and assume interest is paid Tax-free^ on an annual basis.

For your 2012/13 ISA subscription you can invest from £1 - £5,640

Before you apply for an e-ISA Issue 3 you must:

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

e-ISA Issue 3 Terms & Conditions

If you are only transferring previous years’ ISA subscriptions, please enter your initial deposit as £1 on the application form. We will advise you how to make your transfer at the end of the application 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.

Ways to apply

What can I do next?

Ways to apply

What can I do next?

 

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 and regulated by the Financial Services Authority (Authorisation No. 155998). Principality Building Society, Principality Buildings, Queen Street, Cardiff, CF10 1UA.