Fixed Rate Regular Saver Cash ISA

Our Fixed Rate Regular Saver ISA may be right for you if you have a regular amount to put away every month and would like to earn Tax-free^ interest.

  Interest rate Balance Tax-free^ p.a. AER†
Maturity Interest £20 - £20,000 1.85% 1.85%
  • Apply online, in branch or agency
  • Save from £20 to £20,000
  • Interest is calculated on your daily balance and paid on maturity
  • Additional deposits permitted
  • Closure permitted
  • Limited availability
Summary Box
  Summary Box
Account Name Fixed Rate Regular Saver Cash ISA Issue 5
What is the interest rate? 1.85% Tax-free^ p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid at midnight on 5th April 2020 (Maturity).
Can Principality change the interest rate? No, the rate on this ISA is fixed until midnight on 5th April 2020 (Maturity).
What would the estimated balance be after 12 months based on a £5,400 deposit? £5,454.11 (based on twelve monthly deposits of £450, the first being made on 6th April 2019 and the remaining eleven on the same day each following month).
How do I open and manage my account?
  • You must be aged 16 or over, a UK resident for tax purposes and an individual applicant to open and operate this account.
  • Open your account in branch, agency or online.
  • The minimum deposit to open is £20 and you can save up to the current annual Cash ISA limit of £20,000 in this tax year.
  • Transfers-In of previous years' ISA subscriptions are not permitted.
  • You are not obliged to pay into your ISA every month.
  • Multiple monthly deposits can be made, as long as you don't exceed the maximum monthly deposit of £1,666.66.
  • From 28th February 2020 to 5th April 2020, you will be able to make additional deposits into your ISA, provided you don't exceed the maximum balance.
  • The ISA will mature at midnight on 5th April 2020.
  • You have 5 business days from the 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, online or by post.
Can I withdraw money?
  • No withdrawals permitted prior to maturity.
  • Early closure or transfer to another ISA provider permitted. Any interest you've earned will be calculated at the advertised rate and added to your account.
  • We will write to you before your ISA matures to let you know what other ISA's we can offer you.
  • If we don't receive any instructions from you before your ISA matures, your balance will be transferred to our Variable Rate Cash ISA or its nearest equivalent.
Additional Information
  • Service charges and costs may apply to your account. These are outlined in our Tariff of Charges.
  • 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 06/04/19.

Before you apply below, please read the Fixed Rate Regular Saver Cash ISA Issue 5 Terms & Conditions

You can only invest in one Cash ISA per tax year.

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:


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^ 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.

† 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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