2 Year Fixed Rate Cash ISA Annual Interest

Our 2 Year Fixed Rate Cash ISA may be right for you if you have a lump sum to pay in and you don't need to take your money out for two years.

  Cyfraddau llog Balans Di-dreth^ bob blwyddyn AER†
Llog Blynyddol £500 - £20,000 1.55% 1.55%
Llog Misol £500 - £20,000 1.54% 1.55%
  • Open this ISA in branch, at an agency or online
  • Pay in from £500 to £20,000 in the current tax year
  • Transfer in existing ISAs
  • Add more money to the ISA until it is taken off sale
  • Choose to have the interest paid once a year or every month
  • No withdrawals allowed before the end of the two-year term 
  • If you close or transfer the ISA early you must give up 180 days' interest
  • We can stop accepting applications at any time
  Blwch Crynodeb
Beth yw'r gyfradd llog? Fixed annual interest      1.55% Tax-free^ each year     1.55% AER†
Fixed monthly interest    1.54% Tax-free^ each year     1.55% AER†

(See the meanings of ‘Tax-free’ and ‘AER’ at the bottom of the page)

Interest is calculated each day on the money in the account and paid:
  • annually (each year), on each anniversary of your ISA opening; or
  • monthly, starting one month after the date your ISA is opened, and then each month after that;
    whichever you choose.
  • A all y Principality newid y gyfradd llog? No, the rate is fixed for two years until the ISA matures (when the account comes to an end).
    Beth fyddai'r balans amcangyfrifedig ar ôl 24 mis yn seiliedig ar adnau o £1,000? £1,031.24

    This is based on you choosing to have interest paid annually and added to your ISA, and not making any further payments into the account.
    Sut ydw i’n agor a rheoli fy nghyfrif?
    • You must be 16 or over and be a UK resident (see your 2 Year Fixed Rate Cash ISA account terms).
    • You can open your ISA in branch, at an agency or online. If you want to open this ISA with funds from a Principality fixed term ISA that has matured, you can do this online, in branch, at an agency or by post.
    • You must keep at least £500 (the minimum balance) in the account.
    • If your ISA reaches £20,000 during the 2022/2023 tax year, you cannot pay any more money in. You cannot pay in more than the ISA Allowance each year.
    • You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance.
    • You must make the first payment into your ISA within five business days of it opening. If you don’t, we will close the account.
    • You can keep making payments into your ISA while we are still offering this ISA to customers.
    • Your ISA will mature after two years, on the anniversary of the account opening.
    • You can manage your ISA in branch, at an agency, by post, or by using the online service, Your Account at www.principality.co.uk.
    A gaf i godi arian?
    • No, you cannot make withdrawals from your ISA before it matures.
    • If you close or transfer your ISA before the end of the fixed-rate term (within two years), you will lose 180 days’ interest. If you haven’t earned enough interest to cover the 180 days’ interest it will be taken from the money in the account. This means you may get back less than you originally put in.
    • We will write to you before your ISA matures to find out what you want to do with your money.
    • If we don’t receive any instructions from you before your ISA matures, we will move your money to our Variable Rate Cash ISA or the nearest equivalent we offer at the time.
    Gwybodaeth ychwanegol
    • Service charges and costs may apply to your ISA. 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).
    • The interest rates quoted above were correct on 14/04/2022.

    Before you apply below, please read the 2 Year Fixed Rate Cash ISA Issue 252 Terms & Conditions

    If you are transferring previous years' ISA subscriptions, please enter your initial deposit as £500 on the application form. The application form will ask you whether you are making a transfer later in the process.

    You can only invest in one Cash ISA per tax year.

    As you will be bound by the account terms of the ISA 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.

    † 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.

    • 6ed cymdeithas adeiladu fwyaf y DU
    • Cymdeithas adeiladu gydfuddiannol, sy’n eiddo i’n 500,000 o aelodau ac yn cael ei rhedeg er eu lles
    • Dros 150 mlynedd o brofiad
    • Gofalu am werth dros £10 biliwn o asedau ein cwsmeriaid

    We are covered by the FSCS


    Find out more about what it means for you.