Due to high demand this account is no longer available by post, to apply please contact your local branch

Member Exclusive 3 Year Fixed Rate Bond

We’re proud to offer our loyal Members who’ve been with us for two years or more our latest Member Exclusive Fixed Rate Bond. 


  Interest Rate Balance Gross* pa AER†
Annual Interest £500 - £30,000 (Sole) £60,000 (Joint) 2.05% 2.05%
  • Exclusively for Members of 2 years or more
  • Open in branch or agency
  • No withdrawals or closure before the end of the 3 year term
  • Limited availability
Summary
  Summary Box
Account name Member Exclusive 3 Year Fixed Rate Bond
What is the interest rate? 2.05% Gross* p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid annually, on the anniversary of your Bond opening.
Can Principality change the interest rate? No, the rate on this Bond is fixed for 3 years until maturity.
What would the estimated balance be after 36 months based on a £1,000 deposit? £1,062.77 (based on the assumption that you chose to have interest added to your Bond).
How do I open and manage my account?
  • You must be aged 18 or over and have held a Principality savings or mortgage account continuously for at least the last two years and you must be a UK resident for tax purposes to open and operate this account ("Membership Criteria"). For joint accounts, both account holders must meet the Membership Criteria.
  • Open your account in branch, agency or post.
  • Minimum balance is £500, maximum balance is £30,000 for sole accounts and £60,000 for joint accounts.
  • You can only make one deposit into your Bond and the funds must be received within five business days of opening your account.
  • The Bond will mature after three years on the anniversary of opening.
  • Manage your Bond in branch, agency, post or online (subject to Your Account eligibility criteria, available when you click ‘Register Now’ at www.principality.co.uk/register).
Can I withdraw money?
  • Withdrawals or closure are not permitted prior to Maturity.
  • We may allow you to close your Bond during the fixed term at our absolute discretion in exceptional circumstances.
  • We will write to you before your Bond matures to let you know what you can do with your balance.
  • If we don't receive any instructions from you before your Bond matures, your balance will be transferred to our Instant Access Account or its nearest equivalent, then available.
Additional information

  • Service charges and costs may apply to your account. These are 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 www.gov.uk 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 03/07/2019.

Calculate your savings

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Before you apply below, please read the Member Exclusive 3 Year Fixed Rate Bond 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:

 

^ 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.


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