e-ISA

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

  Interest rate Balance Tax-free^ p.a. AER†
Variable £1 - £15,240 0.90% 0.90%
  • Save online
  • Save from £1 to £15,240
  • Interest is calculated on your daily balance and paid annually into your account
  • Enjoy the benefits of a flexible ISA
  • Transfer money to your linked account whenever you need it
  • Transfer in your existing ISA
  • Closure permitted

Summary Box
  Summary Box
Account name e-ISA Issue 12
What is the interest rate? 0.90% Tax-free^ p.a. / AER† (Variable)

Interest is calculated on your daily balance and paid annually on 6 April every year (or the next business day).
Can Principality change the interest rates? Yes, variable account rates could increase or decrease.

Customers will be given personal notification of any material reduction in interest rates a minimum of 14 days before the change takes effect.

To understand why rates may be reduced please refer to pages 13 and 14 of the Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,009 (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.
  • Open online or via ISA transfer only. You need to have a current account with another UK Bank or Building Society.
  • The minimum balance is £1 and you can save up to the current annual Cash ISA limit of £15,240 (plus transfers-in of existing ISA balances) in this tax year. You need to keep the minimum balance in your account for it to remain open.
  • Manage online or via ISA transfer only.
Can I withdraw money? Yes, you do not have to give notice to make a withdrawal or close your account.

This is a flexible ISA Account. This means you'll be able to take money out of it and replace that money before the end of the same tax year, without the replacement contributing any further towards your annual ISA allowance.
Additional information
  • Service charges and costs 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.
  • Rates correct as at 07/12/16.
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 e-ISA Issue 12 Account Terms

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 open 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:

^ 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.


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