Online Easy Access Cash ISA

3.10% Tax-free^ each year / AER† (Variable) 
 
Interest is calculated each day on the money in the account and paid into the account on 6 April every year. 

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. 

£1,031.00 
 
This is based on: 

• No further money being put in or taken out of the account. 
• No change to the interest rate. 

This calculation is for guidance only, to show you what a future balance could look like. It does not consider your individual circumstances. 

• You must be a UK resident and satisfy the minimum age requirements to open a cash ISA (see your Online Easy Access Cash ISA account terms).
• You must open your ISA online.
• This account can also be opened by us transferring your existing Principality online-only cash ISA account into it. If we do this, we will notify you before this happens.
• You have to link your Online Easy Access Cash ISA to a current account in your name with another UK bank or building society in order to move money when you need it.
• You must keep at least £1 (the minimum balance) in the account.
• You cannot pay in more than the ISA Allowance each tax year. The ISA Allowance for the current tax year (2024/2025) is £20,000. You can only pay your ISA Allowance into one Principality cash ISA in the current tax year.
• You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA Allowance.
• If your ISA reaches £1,000,000 you cannot pay any more money in.
• If we do not receive the first payment within five business days of the account opening, we may close it. 
• You must manage the account using a secure online profile with Principality.

Yes, you can make a withdrawal or close your ISA at any time using your linked account.

You can transfer your ISA at any time.

This is a flexible ISA. 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 to your annual ISA Allowance. 

Service charges and costs may apply to the account. These are set out in our Tariff of Charges. 

In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions. 

The tax treatment of your savings depends on your individual circumstances and may change in the future. This is set by HM Revenue and Customs (HMRC). Further information can be found at gov.uk.

The interest rates quoted above were correct on 05/12/2024.