Cymraeg

Maturity 2 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 2 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 2 years.


  Interest Rate Balance Tax-free^ p.a. AER†
Annual Interest £500 - £20,000 0.55% 0.55%
Monthly Interest £500 - £20,000 0.55% 0.55%
  • This product is only available to customers with a maturing Principality account
  • Apply in branch, agency, online 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 2 year term
  • Closure permitted subject to loss of 180 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  • This product can be withdrawn from sale at any time without notice.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 2 Year Fixed Rate Cash ISA (FRISA62)
What is the interest rate?
AER†
Tax-free^ p.a.
Fixed annual interest
0.55%
0.55%
Fixed monthly interest
0.55%
0.55%

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 2 years until maturity.
What would the estimated balance be after 24 months based on a £1,000 deposit? £1,011.03 (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 two 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 180 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 06/04/2021.
Help & guidance

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

Contact us If you would like to speak someone for help give us a quick call. 

Before you apply below, please read the Maturity 2 Year Fixed Rate Cash ISA (FRISA62) 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 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.

† 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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  • Taking care of over £11 billion of our customers' assets

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