Cymraeg

Triple Access Cash ISA (Issue 5)

Our Triple Access Cash ISA 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 tax year. It also has a tiered interest rate, so the more you save, the more interest you'll earn.

3.65% up to 3.70% Tax-free^ each year / AER† (Variable) Book an appointment
  Interest Rate Balance Tax-free^ each year AER†
Variable - Tier 1 £1 - £25,000 3.65% 3.65%
Variable - Tier 2 £25,001 plus 3.70% 3.70%
  • Open this ISA in branch or at an agency
  • Pay in from £1 to £20,000 in the current tax year
  • Transfer in existing ISAs
  • For balances eligible for the higher tier rate of interest, the higher rate applies to the whole balance
  • Interest is paid each year on 6th April
  • You can take money out three times in every tax year
  • Enjoy the benefit of this being a flexible ISA
  • You can close or transfer this ISA at any time
  • We can stop accepting applications at any time
Summary box
  Summary Box
What is the interest rate? Tax-free^ each year / AER† (Variable)
£1 - £25,000              3.65%
£25,001 and over     3.70%

(See the meanings of 'Tax-free' and 'AER' at the bottom of this page.)

Interest is calculated each day on the money in the account and paid on 6th April every year.
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 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 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 £1,036.50
£25,001 would be £25,926.04
How do I open and manage my account?
  • You must be 16 or over and a UK resident (see your Triple Access Cash ISA account terms).
  • You can open the account in branch or at an agency.
  • You must keep at least £1 (the minimum balance) in the account.
  • You cannot pay in more than the ISA Allowance each tax year. The ISA Allowance for the current tax year (2023/2024) is £20,000.
  • You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance.
  • You can manage the account in branch, at an agency, by post, or by using the online service, Your Account at principality.co.uk.
Can I withdraw money?
  • Yes, you can make three withdrawals from your ISA every tax year.
  • You can close or transfer your ISA at any time without losing interest.
  • This is a flexible ISA. This means you’ll be able to take money out of it and replace that money before the end of the same tax year, without the replacement contributing to your annual ISA allowance.
  • We won’t inform you if you make a withdrawal that reduces the money in the account, and a lower tier interest rate then applies.
Additional Information
  • Service charges and costs may apply to the account. These are set out in our Tariff of Charges.
  • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
  • The tax treatment of your savings depends on your individual circumstances and may change in the future. This is set by HM Revenue and Customs (HMRC).
  • The interest rates quoted above were correct on 10/08/2023.
Help & guidance
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Contact us If you would like to speak someone for help give us a quick call. 

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

Before you apply, please read the Triple Access 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:

^Tax-free means UK Income Tax and Capital Gains Tax is not deducted from the interest you earn. This depends on your individual circumstances, and may change in future.

†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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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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