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NOTICE ACCOUNTS

If you want a savings account that offers competitive interest rates but does not lock your money away for a long period of time, notice accounts may be what you are looking for. Notice accounts are a type of savings account that usually offers higher interest rates than easy access accounts. In order to withdraw funds from notice accounts, 60 days written notice must be given. If an emergency arises, you can withdraw funds from notice accounts immediately. However, an early withdrawal fee will apply when accessing funds without giving the full notice period.

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Notice savings accounts

Notice accounts are savings accounts that pay a higher rate of interest. Principality offer a competitive interest rate of 1.60% gross*/AER† variable on our 60 day notice account and an unconditional bonus of 1.00% in the first year with unlimited withdrawals. Interest is calculated daily on and can be paid monthly or annually into an account of your choice.

Notice Accounts
Gross* AER† Includes bonus Minimum to open Withdrawal notice More details
60 Day Direct Account 2.60% 2.60% 1.00% £1000 60 Days More about this product

Our 60 Day Direct Account offers a variable interest rate and withdrawals at just 60 days' notice. 

  • Variable interest rate
  • A first year unconditional bonus of 1%
  • Closure and withdrawals permitted subject to 60 days' notice or loss of 60 days' gross* interest
  • Interest is calculated daily and you can choose to have your interest paid monthly or annually
  • The account can only be operated by post 

 

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* 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.

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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.