5 Year Fixed Rate Cash ISA

• Apply online, in branch or agency
• Save from £500 to £20,000
• Transfer in your existing ISA
• Interest is calculated daily and paid annually or monthly
• Additional deposits permitted while the ISA remains on sale
• No withdrawals allowed before the end of the 5 year term
• Closure permitted subject to loss of 360 days' interest
• Limited availability

• Summary Box
• Calculate your savings
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Summary Box

	Summary Box
Account Name	5 Year Fixed Rate Cash ISA Issue 200
What is the interest rate?	AER† Tax-free^p.a. Fixed annual interest 1.97% 1.97% Fixed monthly interest 1.97% 1.95% Interest is calculated on your daily balance and paid annually on the anniversary of your ISA opening or monthly, paid one month after the date on which your ISA is opened, and then monthly after that, depending on what you choose.
Can Principality change the interest rate?	No, the rate on this ISA is fixed for 5 years until maturity.
What would the estimated balance be after 60 months based on a £1,000 deposit?	£1,102.46 (based on the assumption that you choose to have interest paid annually and added to your ISA and no further deposits are made).
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 your account in branch, agency or online. Existing customers who wish to transfer funds from their maturing Principality Fixed Term ISA to open this Account can do so in branch, agency, online or by post. The minimum balance is £500 and you can save up to the current annual Cash ISA limit of £20,000 (plus transfers-in of existing ISA balances) in this tax year. The minimum balance must be maintained to operate the account. You have 5 business days from the account opening date in which to make your initial deposit. If you have not made your initial deposit in this time your account will be closed. You can keep making deposits while the ISA remains on sale. The ISA will mature after 5 years on the anniversary of opening. Manage your account in branch, agency, online or by post.
Can I withdraw money?	No withdrawals permitted prior to maturity. Early closure or transfer to another ISA provider permitted subject to 360 days’ loss of interest. If you haven't earned enough interest to cover this, this will be taken from funds in your account and means you will get back less than you originally deposited. We will write to you before your ISA matures to let you know what other ISAs we can offer you. If we don't receive any instructions from you before your ISA matures, your ISA will be transferred to our Variable Rate Cash ISA or its nearest equivalent.
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 in the Savings Terms and Conditions. Rates correct as at 23/10/18.

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Savings calculator

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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). 
   

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Guides Read more for top tips on saving and answers to your savings and ISA questions.

Contact us If you would like to speak someone for help give us a quick call. 

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• Sawl cyfrif ISA allaf i eu cael?

Before you apply below, please read the 5 Year Fixed Rate ISA Issue 200 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 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.

• Savings Terms and Conditions
• 5 Year Fixed Rate ISA Issue 200 Account Terms and Product Summary Information
• Privacy Policy

Please also read the following:

• Basic information about the protection of your eligible deposits
• Electronic Verification Guide
• Tariff of Charges
• Your Information

^ Mae di-dreth yn golygu nad oes yn rhaid talu Treth Incwm a Threth Enillion Cyfalaf y DU ar y llog a enillwch. Mae eich sefyllfa o ran treth yn dibynnu ar amgylchiadau unigol a gall newid yn y dyfodol. 

† Ystyr AER yw Annual Equivalent Rate (Cyfradd Gyfwerth Flynyddol) ac mae’n dangos faint fyddai’r gyfradd llog pe byddai’r llog yn cael ei dalu a’i adlogi unwaith y flwyddyn.

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