Triple Access Saver (Issue 3)Our Triple Access Saver may be right for you if you want to save when it suits you and like the comfort of knowing you can take money out up to three times each calendar year. It also has a tiered interest rate, so the more you save, the more interest you'll earn.
|Interest rate||Balance||Gross* each year||AER†|
|Variable - Tier 1||£1 - £25,000||0.30%||0.30%|
|Variable - Tier 2||£25,001 - £2,000,000||0.35%||0.35%|
- Open in branch or at an agency
- Pay in from £1 to £2,000,000
- For balances eligible for the higher tier rate of interest, the higher rate applies to the whole balance
- Interest is paid each year on 1 January
- You can take money out three times in every calendar year
- You can close the account at any time but closure counts as a withdrawal
- We can stop accepting applications at any time.
- Summary Box
- Help & guidance
|What is the interest rate?||Gross* each year / AER† (Variable)
£1 - £25,000 0.30%
£25,001 - £2,000,000 0.35%
(See the meanings of 'Gross' and 'AER' at the bottom of this page)
Interest is calculated each day on the money in the account and paid on 1st January every year.
|Can Principality change the interest rate?||
|What would the estimated balance be after 12 months based on a £1,000 and a £25,001 deposit?||This is based on no further money being put in or taken out of the account and no change to the interest rate:
£1,000 would be £1,003
£25,001 would be £25,088.50
|How do I open and manage my account?||
|Can I withdraw money?||
Before you apply, please read the Triple Access Saver Issue 3 Terms & Conditions
- Triple Access Saver Issue 3 Account Terms and Product Summary Information
- Savings Terms and Conditions
We recommend that you print and keep a copy of these terms and conditions for your records.
Please also read the following:
- Basic information about the protection of your eligible deposits
- Electronic Verification Guide
- Tariff of Charges
- Your Information
* 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.
Putting money into your savings account Once you've opened your savings account, for most accounts you should pay money in within 5 business days. Click here for information on how you can do that.
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