Tracker Saver

Our new Tracker Saver offers a variable rate of interest that tracks the Bank of England Bank Rate (Base Rate) currently 0.75%, plus 0.15% for three years. You can also make two withdrawals per calendar year. 

  Interest rate Balance Gross* p.a. AER†
Annual interest £500 - £2,000,000 0.90% 0.90%
  • Open in branch, agency, or by post 
  • Save from £500 to £2 million
  • Interest is calculated on your daily balance and paid annually 
  • Two withdrawals permitted per calendar year
  • No notice required
Summary Box
  Summary Box
Account name Tracker Saver
What is the interest rate? 0.90% Gross* p.a. / AER† (Variable)

The interest rate tracks the Bank of England Bank Rate (Base Rate) currently 0.75%, plus 0.15%, for three years after opening. To find out the current Base Rate, visit

There is no maximum interest rate for this account, and the rate will never fall below 0.15%.

After three years the account will no longer track the Base Rate and your balance will be transferred to our Easy Saver Account or its nearest equivalent. We'll write to you to remind you before this happens.

Interest is calculated on your daily balance and paid annually on the anniversary of account opening.
Can Principality change the interest rate? Yes, this is a variable rate account that tracks the Bank of England Base Rate and will move up or down in accordance with this, if it changes, until the third anniversary of the account opening.

Any rate change will be applied to the account at the start of the next calendar month following a Base Rate change.

Customers will be given personal notification if the interest rate decreases as a result of a change in Base Rate as soon as possible after the change. If the Base Rate increases we will give general notice within three business days of the change in our branches and on our website.
What would the estimated balance be after 36 months based on a £1,000 deposit? £1,027.24 (based on the assumption that no further deposits or withdrawals are made during the 36 months). This estimate is calculated on the current Base Rate of 0.75% it does not take into account any fluctuations that may take place during the three year term.
How do I open and manage my account?
  • You must be aged 16 or over. You must be a UK resident for tax purposes to open and operate this account.
  • Open your account in branch, agency or post by printing and returning the application form on our website.
  • Minimum balance is £500, maximum balance is £2,000,000. The minimum balance must be maintained to operate the account.
  • You can continue to make deposits into your account provided you do not exceed the maximum balance of £2,000,000.
  • You have five business days from 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.
  • Manage your account in branch, agency, post or online via secure message (subject to Your Account eligibility criteria, available when you click ‘Register Now’ at
Can I withdraw money? Yes, you can make two withdrawals per calendar year, subject to the minimum balance. Closure is permitted and will count as a withdrawal so if you have already made two withdrawals in the current calendar year you will not be able to close the account until either the next calendar year begins or the account matures on the third anniversary.
Additional information
  • Service charges and costs may apply to your account. These re outlined in our Tariff of Charges.
  • If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit and search ‘Personal Savings Allowance’.
  • 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 06/11/18.
Calculate your savings

Savings calculator

Please enter amount

Amount must be less than 2000000

Please enter amount

Amount must be less than 2000000

Please choose a duration

Please choose a duration


  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 below, please read the Tracker Saver 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.

We recommend that you print and keep a copy of these terms and conditions for your records.

Please also read the following:

ISA Provider of the Year 2018

  • 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 £9 biliwn o asedau ein cwsmeriaid
  • Gall Aelodau fynd at dudalen Gworau Aelodau sy’n cynnwys cystadlaethau, gostyngiadau a mwy.

We are covered by the FSCS