Cymraeg

1 Year Triple Access Regular Saver

Our 1 Year Triple Access Regular Saver is a regular saver account aimed at helping people start their savings journey. With a maximum monthly deposit of £50, and no requirement to pay in every month, this account may be right for you if you want to start a monthly saving habit.
5.75% Gross* each year / AER† (Variable) Apply Online
  Interest rate Gross* each year AER†
Variable 5.75% 5.75%
Variable 5.75% 5.75%
  • Open in branch, at an agency or online
  • Pay in up to £50 each month, in one or more payments
  • You don't have to pay money in every month
  • Interest is calculated on the money in the account each day and paid each year on 1 January
  • You can take money out up to three times every calendar year
  • You can close the account at any time but closure counts as a withdrawal
  • Only one of the current issue per person
  • We can stop accepting applications at any time
Summary Box
  Summary Box
Can I withdraw money?
  • No, you cannot make any withdrawals from your bond before it matures.
  • You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
  • We will write to you before your bond matures to find out what you want to do with your money.
  • If we don’t receive any instructions from you before your bond matures, we will move your money to our Instant Access Account or the nearest equivalent we offer at the time.
What is the interest rate? 5.75%    Gross* each year/AER† (Variable)

(See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page)

We work out the interest on the money in the account daily and pay it into the account on 1 January each year.
Additional information
  • Service charges and costs may apply to your bond. These are set out in our Tariff of Charges.
  • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
  • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
  • The interest rates quoted above were correct on 20/06/2024.
Can Principality change the interest rate? Yes, Variable interest rates can go up or down.
  • If you have £100 or more in the account, we will give you notice of any reduction in interest rates at least 14 days before the change takes effect.
  • For more information, see the section Changes to Interest rates in our Savings Terms and Conditions.
    		•
    What would the estimated balance be after 12 months based on depositing £50 every calendar month? £618.59

    This is based on you paying in £50 a month for 12 months, making the first payment on the date the account was opened, no money being taken out of the account and no change to the interest rate.
    Can I withdraw money?
    • No, you cannot make any withdrawals from your bond before it matures.
    • You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
    • We will write to you before your bond matures to find out what you want to do with your money.
    • If we don’t receive any instructions from you before your bond matures, we will move your money to our Instant Access Account or the nearest equivalent we offer at the time.
    How do I open and manage my account?
    • You must be 16 or over and be a UK resident (see your 1 Year Triple Access Regular Saver account terms).
    • This can be a joint account unless it was opened online. Accounts opened online cannot be joint accounts. You can't have more than one 1 Year Triple Access Regular Saver in your name. You can open the account in branch, at an agency or online.
    • If you open the account online you have to link the account to a current account in your name with another UK bank or building society in order to move money when you need it. You must manage your account using the online service, Your Account, at principality.co.uk.
    • If you open the account in branch you can manage the account in branch, at an agency, by post or using the online service. Your account, at principality.co.uk.
    • You must keep at least £1 (the minimum balance) in the account.
    • You do not have to make payments into the account every month.
    • The most you can pay in each month is £50, in one or more payments.
    • If your account reaches £600.00, you cannot pay anymore money in.
    • The account will come to an end (mature) after 1 year, on the anniversary of the account opening.
    What is the interest rate? 5.75%    Gross* each year/AER† (Variable)

    (See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page)

    We work out the interest on the money in the account daily and pay it into the account on 1 January each year.
    Can I withdraw money?
    • Yes, you can make 3 withdrawals from the account every calendar year.
    • Closing the account counts as a withdrawal.
    • On the 1st anniversary of opening the account, we will move your money to an easy access account available at the time.
    Additional information
    • Service charges and costs may apply to your bond. These are set out in our Tariff of Charges.
    • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The interest rates quoted above were correct on 20/06/2024.
    Additional information
    • Service charges and costs may apply to your account. These are set out in our Tariff of Charges.
    • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The interest rates quoted above were correct on 12/09/2024.
    Can Principality change the interest rate? Yes, Variable interest rates can go up or down.
  • If you have £100 or more in the account, we will give you notice of any reduction in interest rates at least 14 days before the change takes effect.
  • For more information, see the section Changes to Interest rates in our Savings Terms and Conditions.
    		•
    What would the estimated balance be after 12 months based on depositing £50 every calendar month? £618.59

    This is based on you paying in £50 a month for 12 months, making the first payment on the date the account was opened, no money being taken out of the account and no change to the interest rate.
    How do I open and manage my account?
    • You must be 16 or over and be a UK resident (see your 1 Year Triple Access Regular Saver account terms).
    • This can be a joint account unless it was opened online. Accounts opened online cannot be joint accounts. You can't have more than one 1 Year Triple Access Regular Saver in your name. You can open the account in branch, at an agency or online.
    • If you open the account online you have to link the account to a current account in your name with another UK bank or building society in order to move money when you need it. You must manage your account using the online service, Your Account, at principality.co.uk.
    • If you open the account in branch you can manage the account in branch, at an agency, by post or using the online service. Your account, at principality.co.uk.
    • You must keep at least £1 (the minimum balance) in the account.
    • You do not have to make payments into the account every month.
    • The most you can pay in each month is £50, in one or more payments.
    • If your account reaches £600.00, you cannot pay anymore money in.
    • The account will come to an end (mature) after 1 year, on the anniversary of the account opening.
    Can I withdraw money?
    • Yes, you can make 3 withdrawals from the account every calendar year.
    • Closing the account counts as a withdrawal.
    • On the 1st anniversary of opening the account, we will move your money to an easy access account available at the time.
    Additional information
    • Service charges and costs may apply to your account. These are set out in our Tariff of Charges.
    • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
    • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
    • The interest rates quoted above were correct on 12/09/2024.
    Calculate your savings

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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). 

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

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    Before you apply below, please read the 1 Year Triple Access Regular 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.

    Please also read the following:

     

    * Gross interest is the rate of interest before income tax is deducted at the rate set by law.

    † 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.

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