60 Day Notice Account

Notice accounts usually offer a higher interest rate than easy access accounts, without locking your money away for too long a period of time. To make a withdrawal you need to give notice. But if there's an emergency and you need your funds immediately, you can make a withdrawal straight away, at the expense of some interest.

  Interest rate Balance Gross* p.a. AER†
Variable annual £500 - £2,000,000 1.20% 1.20%
Variable monthly £500 - £2,000,000 1.19% 1.20%
  • Open in branch or agency
  • Save from £500 to £2 million
  • Interest is calculated on your daily balance and paid annually or monthly
  • Withdraw your money at 60 days' notice or immediately with a loss of 60 days' gross* interest
Summary box
  Summary Box
Account Name 60 Day Notice Account Issue 2
What is the interest rate?
AER†
Gross* p.a.
Annual interest
1.20%
1.20%
Monthly interest
1.20%
1.19%

Interest is calculated on your daily balance and paid annually on 1 January every year or monthly on the first business day of each calendar month, depending on what you choose.
Can Principality change the interest rate? Yes, variable account rates could increase or decrease.

Customers will be given personal notification of any material reduction in Interest rates a minimum of 14 days before the change takes effect.

To understand why rates may be reduced please refer to conditions 74-80 of our Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit? £1,012.00 (based on the assumption that no further deposits or withdrawals are made during the 12 months).
How do I open and manage my account?
  • You must be aged 16 or over. You must be a UK resident for tax purposes to open and operate this account.
  • Open your account in branch or agency. Existing customers who wish to transfer funds from their maturing Principality Fixed Term Bond to open this Account can do so in branch, agency or by post.
  • Minimum balance is £500, maximum balance is £2,000,000. The minimum balance must be maintained to operate the account.
  • Manage your account in branch, agency, post or online via secure message (subject to Your Account eligibility criteria, available when you click ‘Register Now’ at www.principality.co.uk/register).
Can I withdraw money? Yes, all withdrawals from and closure of your account are subject to 60 days’ prior notice or loss of 60 days’ gross interest on the amount you withdraw if you do not give 60 days’ prior notice.
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 12/11/2019.
Calculate your savings

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  1. The results displayed were dependent on the information you provided and are for illustrative purposes only and are by no means an indication of being suitable for your individual circumstances.
  2. The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
  3. It has been assumed that no withdrawals or additional deposits would be made from the account during the saving duration, and that the interest rate also remains the same during this time (note that interest rates on variable rate savings account are subject to change, and when fixed rate deals end, there is no guarantee that the same rate will be available in the future). 

Before you apply below, please read the 60 Day Notice Account Issue 2 Account 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.

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.

* 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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