Cymraeg

1 Year Regular Saver Bond (Issue 28)

Our 1 Year Regular Saver Bond may be right for you if you want to save regularly and don't need to take your money out for a year.
2.25% Gross* each year / AER† (Fixed) Apply Online
  Interest rate Gross* each year AER†
Fixed 2.25% 2.25%
  • Open in branch, at an agency or online
  • Pay in up to £250 each month, in one or more payments
  • You don' t have to pay money in every month
  • Interest is calculated on the money in the account each day and paid one year after opening
  • No withdrawals allowed before the end of the one-year term
  • Close the bond early if you want to
  • Only one of the current issue per person
  • We can stop accepting applications at any time
Summary Box
  Summary Box
What is the interest rate? Fixed interest      2.25% Gross* each year      2.25% AER†

(See the meanings of ‘Gross’ and ‘AER’ at the bottom of the page)

Interest is calculated each day on the money in the account and paid after one year, on the anniversary of your bond opening.
Can Principality change the interest rate? No, the rate is fixed for one year until the bond matures (when the account comes to an end).
What would the estimated balance be after 12 months based on a £3,000 deposit? £3,036.56

This is based on you paying in £250 a month for 12 months, making the first payment on the date the account was opened.
How do I open and manage my account?
  • You must be 16 or over and be a UK resident (see your 1 Year Regular Saver Bond account terms).
  • This can be a joint account, but you can’t have more than one of this issue number of the Regular Saver Bond in your name.
  • You can open the account in branch, at an agency or online.
  • You must keep at least £20 (the minimum balance) in the account.
  • If your bond reaches £3,000, you cannot pay any more money in.
  • You do not have to make payments into the account every month.
  • The most you can pay in each month is £250, in one or more payments.
  • The bond will mature after one year, on the anniversary of the account opening.
  • 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?
  • No, you cannot make any withdrawals from your bond before it matures.
  • You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
  • We will write to you before your bond matures to find out what you want to do with your money.
  • If we don’t receive any instructions from you before your bond matures, we will move your money to our Instant Access Account or the nearest equivalent we offer at the time.
Additional information
  • Service charges and costs may apply to your bond. These are set out in our Tariff of Charges.
  • If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue & Customs (HMRC). For more information, visit gov.uk and search Personal Savings Allowance.
  • In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions.
  • The interest rates quoted above were correct on 18/08/2022.
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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). 

Help & guidance

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

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

Before you apply below, please read the 1 Year Regular Saver Bond Issue 28 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.

Please also read the following:

 

* 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 were paid once each year on the whole balance, including previous interest payments.

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1 Year Regular Saver Bond Issue 28

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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