Falling rates? Lock in a fixed interest rate
Lock in a fixed interest rate with our 1 Year Fixed Rate Bond.
The market's shifting; your savings should too
You know a smart financial move when you see one. And this is it.
With interest rates starting to dip, you could get certainty about the interest you'll earn with our 1 Year Fixed Rate Bond.
Lock in a reliable rate for 12 months. And sit pretty while your money earns interest.
With a fixed rate, you'll always know what you're earning; whatever happens to the market.
Save with confidence; with a provider trusted by over 500,000 members.
3.95%
Gross* / AER† (Fixed)
1 Year Fixed Rate Bond
- £500 minimum opening balance
- Add a lump sum up to £2 million
- Lock your money away; no withdrawals or closure
- Choose to earn interest yearly or monthly
Not sure about locking your money away for a fixed rate?
It can be smart to keep your options open.
A fixed rate can give you certainty about how much interest you'll earn. But you might prefer an account that gives you the flexibility to make withdrawals.
Our range of easy access products offer variable rates (and a bit more wriggle room).
If you're not sure about locking your money in, our variable rate Online Bonus Triple Access might suit you.
Your interest rate includes a variable bonus for 12 months. Plus you can make up to three withdrawals a year.
So you can save at a great rate while being able to access your money if you need to.
4.25%
Gross* / AER† (Variable)
Online Bonus Triple Access
- Add money at any time and save up to £1 million
- 3 withdrawals each calendar year
- Interest added yearly
- Rate includes 1.70% (variable) bonus for 12 months
I've only just started to use online as I don't live close to a branch. If I call Principality you answer in a good time...and help!
Principality Member
Quickfire questions
It all depends on what you need from your savings.
A fixed rate gives you certainty; your interest rate won’t change for a set period, so you’ll always know what you’ll earn.
A variable rate can go up or down, but it gives you more flexibility, especially if you think rates might rise or you want easier access to your money.
No two savers are the same. That’s why we offer a choice.
With a fixed rate account, your rate stays the same until the term ends, even if market rates go up or down.
With a variable rate, your interest could go up or down over time. We’ll always let you know if your rate changes.
Yes. Your eligible savings with us are protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per person.
Time to make your move...
Fixed rate, or a bit more flexibity? The choice is yours. Make a smart move with your savings today.
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View 1 Year Fixed Rate Bond
Lock in your savings...
With our 1 Year Fixed Rate Bond you can plan ahead. You'll get certainty with a fixed return on your savings; and a fixed end date.
You won't be able to make withdrawals for 12 months. And you won't be able to regularly add funds.
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View Online Bonus Triple Access
...or get a bit more flex
Get a variable bonus on your interest for 12 months, with our Online Bonus Triple Access. Make up to 3 withdrawals a year.
Your interest and bonus are variable; so can go up or down. Apply online and start saving in 10 minutes.
Why save with Principality?
We don't spend our time obsessing over how to line shareholders' pockets. We put our energy towards quietly helping ordinary people make the most of their money.
We've been doing it for over 165 years. And have over 500,000 members who trust us to support them. Let's help you do the same.
Additional information
*Gross interest is the rate of interest before income tax is deducted at the rate set by law.
†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
^Tax-free means the interest you earn isn't subject to UK Income Tax and Capital Gains Tax. Tax treatment depends on your individual circumstances and could change in future.