We are updating our Savings Terms and Conditions

Effective from 1st July 2020, we are making the following updates: 

• Clause 1 - we are updating how long you have to fund your new account 
• Clause 44 - we are updating our cheque withdrawal process 
• Account Special Term 1 – we are clarifying the criteria for who can open accounts
• Signatory Term 13 - we are updating the deceased signatory process on signatory accounts

Click here to view the new terms and conditions

Children's Savings Accounts

Children’s savings accounts from Principality not only offer competitive interest rates, they also help to teach your child the value of money. Whether you choose to open a children’s savings account to encourage your child to save for the future or show them how to save for a goal, Principality offers Children's savings accounts with flexible and competitive benefits.

  Gross* p.a. AER† Includes bonus Minimum to open Withdrawal notice  
Learner Earner Issue 3 2.35% 2.35% No £1 None More details
Dylan Regular Saver Bond Issue 8 2.50% 2.50% No £10 Not permitted More details
Children's Account 0.30% 0.30% No £1 None More details

^ Tax-free means the interest you earn is exempt from UK Income Tax and Capital Gains Tax. Tax treatment depends on your individual circumstances and may not be maintained in future.

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 160 years' experience
  • Taking care of over £10 billion of our customers' assets
  • Members can access a Member Rewards page featuring competitions, discounts and more.