Member Only Regular Saver Bond

Only available to Members who’ve been with us for two years or more, this bond, with a one year term, offers regular saving at an exclusive rate to reward loyal savers and mortgage customers.

  Interest rate Gross* p.a. AER†
Fixed 4.00% 4.00%
  • Open in branch or agency
  • Save up to £250 a month for one year
  • Interest is calculated on your daily balance and paid on maturity
  • Multiple deposits are permitted up to the monthly maximum
  • No withdrawals allowed before the end of the 1 year term
  • Early closure permitted
  • Only one bond per person
  • Limited availability
Summary Box
  Summary Box
Account name Member Only Regular Saver Bond
What is the interest rate? 4.00% Gross* p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid on the anniversary of your bond opening, on maturity.
Can Principality change the interest rate? No, the rate on this bond is fixed for 1 year until maturity.
What would the estimated balance be after 12 months based on a £3,000 deposit? £3,065.00 (based on 12 monthly deposits of £250 made on the 1st of each month and the assumption that no further deposits or withdrawals are made).
How do I open and manage my account?
  • You must be aged 18 or over and have held a Principality Savings or Mortgage account continuously for at least the last two years and you must be a UK resident for tax purposes to open and operate this bond.
  • Open your account in branch or agency.
  • One account per customer, accounts can be held singly or in joint names.
  • Minimum opening balance is £20; maximum monthly deposit is £250; maximum balance is £3,000.
  • Manage your account in branch, agency, post or online via secure message (subject to Your Account eligibility criteria, available when you click ‘Register Now’ at
Can I withdraw money?
  • No, you cannot make any withdrawals before maturity, but you may close your bond and any interest earned before the closure date will be credited to your Member Only Regular Saver Bond at closure.
  • We will write to you before your bond matures to let you know what you can do with your balance.
  • If we don’t receive instructions from you before your bond matures, your balance will be transferred to our Instant Access Account or its nearest equivalent.
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 and search ‘Personal Savings Allowance’.
  • In certain circumstances we may refuse an instruction to operate an account. These circumstances are outlined in the Savings Terms and Conditions.
  • Rates correct as at 08/01/18.
Calculate your savings

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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 Member Only Regular Saver Bond 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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