5 Year Fixed Rate Cash ISA

Our 5 Year Fixed Rate ISA may be right for you if you have a lump sum to invest and you can leave your investment untouched for 5 years.

  • Save online, in branch or by post
  • Save from £500 to £15,240
  • Transfer in your existing ISA
  • Interest is calculated daily and paid annually or monthly
  • Additional deposits permitted while the ISA remains on sale
  • No withdrawals allowed before the end of the 5 year term
  • Closure permitted subject to loss of 360 days' interest
  • Limited availability

Product details

Account name - 5 Year Fixed Rate Cash ISA Issue 156

  Interest rate Balance Tax-free^ p.a. AER†
Annual interest £500 - £15,240 1.55% 1.55%
Monthly interest £500 - £15,240 1.54% 1.55%
Earn a better interest rate by leaving your money for a fixed period

You won't be able to make withdrawals before your ISA matures however, if you need to, you can close your ISA subject to the loss of 360 days' interest. If you do this, interest will be deducted from your ISA before payment is made to you and may result in you receiving less back than you originally invested if 360 days' interest has not been accrued.

Invest your 2016/17 ISA allowance or move your existing Cash ISA to us

You can save from £500 to £15,240 (the current annual Cash ISA limit) where you are investing your 2016/17 ISA allowance. 

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.

Manage your ISA online, in branch or by post

You can open and operate this ISA according to your needs. Our Your Account service allows you to open and manage your ISA online giving you the flexibility to: 

  • View your ISA and personal details 
  • View your balance, transactions and interest rates
  • Check your ISA maturity date 
  • Contact us via secure message 24 hours a day and we will respond within office hours, usually within 3 working days
  • Print savings tax certificates 

Alternatively, you can drop into your local branch or call the number below and we'd be happy to help.

Interest is calculated daily and can be paid monthly or annually

If you choose to have your interest paid annually, interest will be calculated daily and paid annually on the anniversary of you opening your ISA. You can choose whether to add your interest to your ISA, transfer it to another Principality account or have it transferred into another UK bank or building society account.

If you choose to have your interest paid monthly, interest will be calculated daily and the interest paid one month after the date your ISA is opened and then monthly after that. Your interest can be paid into another Principality account. It can also be transferred into another UK bank or building society account, it is subject to a minimum of £5 being payable. Where less than £5 is due to you, the amount due will be paid at the next interest payment date where the total interest then due is more than £5.



Once your ISA has matured, you'll get instant access to your money

On maturity the balance of your ISA will be transferred to our Variable Rate Cash ISA or it's nearest equivalent available. Before your ISA matures we will contact you to let you know what other ISAs we can offer you.

Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.
In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.

Summary information

Summary Box - key product information for our savings account(s)

Account name - 5 Year Fixed Rate Cash ISA Issue 156

  Interest rate Balance Tax-free^ p.a. AER†
Annual interest £500 - £15,240 1.55% 1.55%
Monthly interest £500 - £15,240 1.54% 1.55%

Interest rate fixed for 5 years then transfers to our Variable Rate Cash ISA

Tax status
Tax-free^

Conditions for bonus payments
Not applicable.

Withdrawal arrangements
No withdrawals permitted prior to maturity. Early closure or transfer to another ISA provider permitted subject to loss of 360 days’ interest.

Access
Open and operate in branch, online or by post.

Service Charges and Cost Related Charges may apply to your account, these are outlined in our Tariff of Charges.
In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined on page 5 of the Savings Terms and Conditions.

Help & guidance

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Terms & conditions 

5 Year Fixed Rate ISA Issue 156 Terms & Conditions

If you are transferring previous years' ISA subscriptions, please enter your initial deposit as £500 on the application form. The application form will ask you whether you are making a transfer later in the 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.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 150 years experience
  • Taking care of over £8 billion of our customers' assets

^ 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 not be maintained in future.
† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.