Maturity 2 Year Fixed Rate Cash ISA (FRISA62)

This is a maturity product. It is designed to reward you as one of our loyal savings Members.You will benefit from a higher rate than the products on sale to new customers offer. Our Maturity 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.

  Cyfradd Llog Balans Di-dreth^
bob blwyddyn
Llog Blynyddol £500 - £20,000 0.55% 0.55%
Llog Misol £500 - £20,000 0.55% 0.55%
  • You can only open this account if you have a Principality fixed term account coming to the end of its fixed term
  • Open this ISA in branch, at an agency, by post or online
  • Pay in from £500 to £20,000 in the current tax year
  • Transfer in existing ISAs
  • You can add more money for up to 5 business days from the date you open it
  • 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. While it remains available you can only open it within 14 days of the date your existing Principality fixed term account comes to an end
Blwch Crynodeb
  Blwch Crynodeb
Beth yw'r gyfradd llog? Fixed annual interest      0.55% Tax-free^ each year     0.55% AER†
Fixed monthly interest    0.55% Tax-free^ each year      0.55% AER†

Interest is calculated each day on the money in the account and paid:
  • annually (each year), on the first and second 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? £1,011.03

    This is based on you choosing to have interest paid annually and added to your ISA and you not making any further payments into the account.
    Sut ydw i’n agor a rheoli fy nghyfrif?
    • You must be a Principality customer with a fixed term savings account coming to the end of its fixed term (maturing).
    • You must be 16 or over and a UK resident (see your Maturity 2 Year Fixed Rate Cash ISA account terms).
    • You can move money from your maturing Principality account in branch, at an agency, by post or online.
    • You must keep at least £500 (the minimum balance) in the account.
    • If your ISA reaches £20,000 (plus any transfers in of existing ISA balances) during the current tax year, you cannot pay any more money in.
    • You can keep making payments into your ISA up to 5 business days after opening the account.
    • Your ISA will mature after two years, on the anniversary of the account opening.
    • You can manage the account in branch, at an agency, by post, or by using the online service Your Account at
    • You can open the account up to 14 days after the date your existing Principality account matures unless we remove it from sale. We can stop accepting new applications for this account at any time.
    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 of interest. If you haven’t earned enough 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 H M Revenue and Customs (HMRC).
    • The interest rates quoted above were correct on 01/06/2021.

    Before you apply, please read the Maturity 2 Year Fixed Rate Cash ISA (FRISA62) Terms & Conditions 

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

    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.

    † 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 £11 biliwn o asedau ein cwsmeriaid

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