Maturity 3 Year Fixed Rate Cash ISA

This is a maturity product, it’s designed to reward you as one of our loyal savings Members, you will benefit from higher rates than the products on sale to new customers. Our Maturity 3 Year Fixed Rate Cash ISA may be right for you if you have a lump sum to invest and you can leave your investment untouched for 3 years.


  Interest Rate Balance Tax-free^ p.a. AER†
Annual Interest £500 - £20,000 1.50% 1.50%
Monthly Interest £500 - £20,000 1.49% 1.50%
  • This product is only available to customers with a maturing Principality account
  • Apply online, in branch, agency or by post
  • Save from £500 to £20,000
  • Transfer in your existing ISA
  • Interest is calculated on your daily balance and paid annually or monthly
  • Additional deposits permitted up to 5 business days after the opening of the account
  • No withdrawals allowed before the end of the 3 year term
  • Closure permitted subject to loss of 270 days' interest
  • This product can be withdrawn from sale at any time without notice. While the product remains on sale it is only available to you for 14 days after the date on which your existing Principality account matures.
Summary Box
  Summary Box
Account Name Maturity 3 Year Fixed Rate Cash ISA (FRISA40)
What is the interest rate?
AER†
Tax-free^ p.a.
Fixed annual interest
1.50%
1.50%
Fixed monthly interest
1.50%
1.49%

Interest is calculated on your daily balance and paid annually on the anniversary of your ISA opening or monthly, paid one month after the date on which your ISA is opened, and then monthly after that, depending on what you choose.
Can Principality change the interest rate? No, the rate on this ISA is fixed for 3 Years until maturity.
What would the estimated balance be after 36 months based on a £1,000 deposit? £1,045.68 (based on the assumption that you chose to have interest paid annually and added to your ISA and that no further deposits were made).
How do I open and manage my account?
  • This product is only available to customers with a maturing Principality fixed term account.
  • You can transfer funds from your maturing Principality account in branch, agency, online or by post.
  • You can transfer in your existing ISA balances and save up to the current ISA limit of £20,000. The minimum balance is £500 and this must be maintained to operate the account.
  • You can keep making deposits for up to 5 business days after opening the account.
  • The ISA will mature after three years on the anniversary of opening.
  • Manage your ISA in branch, agency, online or by post.
  • This product can be withdrawn from sale at any time without notice. While the product remains on sale it is only available to you for 14 days after the date on which your existing Principality account matures.
Can I withdraw money?
  • No withdrawals permitted prior to maturity.
  • Early closure or transfer to another ISA provider permitted subject to 270 days’ loss of interest. If you haven't earned enough interest to cover this, this will be taken from the funds in your account and means you will get back less than you originally deposited.
  • We will write to you before your ISA matures to let you know what other ISAs we can offer you.
  • If we don’t receive any instructions from you before your ISA matures, your ISA 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 17/09/19.

Before you apply below, please read the Maturity 3 Year Fixed Rate ISA (FRISA40) Terms & Conditions

If you are transferring previous years' ISA subscriptions, please enter your initial deposit as £500 on the application form. The application form will ask you whether you are making a transfer later in the process.

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

As you will be bound by the Account Terms of the ISA, you must read them. If you do not understand any of the terms and conditions please contact us for further information.

We recommend that you print and keep a copy of these terms and conditions for your records.

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.

† 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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