e-Saver

If convenience and flexibility are important to you, and you are comfortable using a computer, our e-Saver account may be right for you.

  Interest rate Balance Gross* p.a. AER†
Variable £1 - £1,000,000 0.70% 0.70%
  • Save online
  • Save from £1 to £1 million
  • Interest is calculated on your daily balance and paid annually into your account
  • Transfer money to your linked account whenever you need it
  • Unlimited withdrawals and closure permitted
Summary box
  Summary Box
Account name e-Saver Issue 16
What is the interest rate? 0.70% Gross* p.a. / AER† (Variable)

Interest is calculated on your daily balance and paid annually on 1 January every year.
Can Principality change the interest rate? Yes, variable account rates could increase or decrease.

Customers will be given personal notification of any material reduction in interest rates 60 days before the change takes effect.

To understand why rates may be reduced please refer to page 13 and 14 of the Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,007 (based on the assumption that no further deposits or withdrawals are made during the 12 months).
How do I open and manage my account?
  • You must be aged 16 or over, a UK resident for tax purposes and an individual applicant to open and operate this account.
  • You need to have a current account with another UK bank or building Society.
  • Open your account online only. Minimum balance is £1, maximum balance is £1,000,000. You need to keep the minimum balance in your account for it to remain open.
  • Manage your account online only.
Can I withdraw money? Yes, you do not have to give notice to make a withdrawal or close your account.
Additional information
  • Service charges and costs may apply to your account. These are outlined in our Tariff of Charges.
  • If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.
  • 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.
  • Rates correct as at 25/11/16.
Calculate your savings

Savings calculator

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Amount must be less than 1000000

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Amount must be less than 1000000

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  1. The results displayed were dependent on the information you provided and are for illustrative purposes only and are by no means an indication of being suitable for your individual circumstances.
  2. The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
  3. It has been assumed that no withdrawals or additional deposits would be made from the account during the saving duration, and that the interest rate also remains the same during this time (note that interest rates on variable rate savings account are subject to change, and when fixed rate deals end, there is no guarantee that the same rate will be available in the future). 

Before you apply below, please read the e-Saver Issue 16 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:

* 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.


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  • 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

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