Branch Instant Access

Our Branch Instant Access may be right for you if you want to save when it suits you, and like the comfort of knowing you can take money out whenever you need to. 

  Interest rate Balance Gross* each year AER†
Variable £1 - £2,000,000 3.50% 3.50%
  • Open in branch or at an agency
  • Pay in from £1 to £2,000,000
  • Interest is paid each year on 1 January
  • Take money out whenever you need to
  • You can close this account at any time 
  • We can stop accepting applications at any time


Summary Box
  Summary Box
What is the interest rate? 3.50% Gross* each year/ AER† (Variable)

(See the meanings of ‘Gross’ and ‘AER’ at the bottom of this page).

Interest is calculated each day on the money in the account and paid on 1st January every year.
Can Principality change the interest rate?
  • Yes, variable interest rates can go up or down.
  • If you have £100 or more in the account, we will give notice of any reduction in interest rates at least 14 days before the change takes effect.
  • For more information,see the section Changes to interest rates in our Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,035.00
This is based on no further money being put in or taken out of the account and no change to the interest rate.
How do I open and manage my account?
  • You must be a UK resident (see your Branch Instant Access account terms).
  • You can open the account in branch or at a agency.
  • You must keep at least £1 (the minimum balance) in the account.
  • If the account reaches £2,000,000, you cannot pay any more money in.
  • You can manage the account in branch, at an agency, by post or online by using the online service, Your Account, at
Can I withdraw money? Yes, you can make a withdrawal or close the account at any time.
Additional information
  • Service charges and costs may apply to the account. These are set out in our Tariff of Charges.
  • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit and search Personal Savings Allowance.
  • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
  • The interest rates quoted above were correct on 10/08/2023.
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, please read the Branch Instant Access Account Terms & Conditions

As you will be bound by the Account Terms and your information is held in accordance with our privacy policy, you should read, print and save the below documents for your records. If you have any queries relating to them, please contact us for further information.

Please also read the following:


^ Tax-free means UK Income Tax and Capital Gains Tax is not deducted from the interest you earn. This depends on your individual circumstances, and may change in future.

* Gross interest is the rate of interest before income tax is deducted at the rate set by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid once each year on the whole balance, including previous interest payments.