Whatever you’re promising to save for. The Promise ISA gives you an annual or monthly rate for your savings as well as promising you an annual fixed bonus if you don't make more than two withdrawals each tax year.
Without conditional bonus
|Annual interest||£500 - £20,000||0.40%||0.40%|
|Monthly interest||£500 - £20,000||0.40%||0.40%|
With conditional bonus
|Annual interest||£500 - £20,000||0.90%||0.90%|
|Monthly interest||£500 - £20,000||0.90%||0.90%|
- Open in branch
- Save from £500 to £20,000
- Interest is calculated daily and paid annually or monthly
- Enjoy a bonus every year if you don't make more than 2 withdrawals per tax year
- Enjoy the benefits of a flexible ISA
- Withdraw your money at 30 days' notice or immediately with a loss of 30 days' interest
- Closure permitted (and counted as a withdrawal)
- Summary Box
- Calculate your savings
- Help & guidance
|Account Name||Promise ISA Issue 10|
|What is the interest rate?||
Variable interest rate without bonus
Variable interest rate with bonus
Interest is calculated on your daily balance and paid annually on 6 April every year or monthly on the 6th day of each calendar month, depending on what you choose. The bonus is paid annually on 6 April. If the interest payment day is not a business day, interest will be paid on the next business day.
|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 a minimum of 14 days before the change takes effect.
To understand why rates may be reduced please refer to pages 14 and 15 of the Savings Terms and Conditions.
|What would the estimated balance be after 12 months based on a £1,000 deposit?||Based on the assumption that no further deposits or withdrawals are made during the 12 months.
|How do I open and manage my account?||
|Can I withdraw money?||
- 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.
- The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
- 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 Promise ISA Issue 10 Terms & Conditions
If you are only transferring previous years’ ISA subscriptions, please enter your initial deposit as £500 on the application form. We will advise you how to make your transfer at the end of the application 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:
- Basic information about the protection of your eligible deposits
- Electronic Verification Guide
- Tariff of Charges
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