Skip to content
Log in

1 Year Regular Saver Bond

Issue 36

A tryptic of headshots, featuring a woman, a by and Dylan the dragon mascot.

Is this account right for me?

Our 1 Year Regular Saver Bond is designed to help you save on a regular basis over one year. You don't have to pay in money every month.

For the ones who
  • Want to save regularly towards a goal
  • Don't need to withdraw money
  • Want the certainty of a fixed rate
Not for the ones who
  • Want to pay in more than £250 each month
  • Want to make withdrawals
  • Want to save more than £3,000 in total

Summary box

This summary contains key information about our 1 Year Regular Saver Bond. You should read it carefully before applying.

Fixed interest      4.85% Gross* each year      4.85% AER† 
 
Interest is calculated each day on the money in the account and paid after one year, on the anniversary of your bond opening. 

No, the rate is fixed for one year until the bond matures (when the account comes to an end).

£3,078.40
 
This is based on: 

  • You paying in £250 a month for 12 months.
  • You making the first payment on the date the account was opened. 

This calculation is for guidance only, to show you what a future balance could look like. It does not consider your individual circumstances. 

  • 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 £1 (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 a secure online profile with Principality. 

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. 

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 and Customs (HMRC). For more information, visit gov.uk. 

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 13/03/2025. 

Downloadable documents

Please take some time to review this important information. We recommend you download these and keep copies somewhere safe; you may choose to print them.

Start saving today

Let's get you saving. Apply online or in branch. When you apply online you can:

  • Open your account in around 10 minutes
  • Fund your account straight away
  • Name your account and set a goal to work towards
Book an appointment

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.

 

How we work out what you could save

This figure is dynamic, based on the information you've given us in the search section about your starting balance and any monthly contributions you want to make.

We make a few assumptions to calculate your result:

  • you make your initial deposit on today's date
  • any regular monthly deposits are made on the same day of the month the initial deposit is made
  • for ISAs you can't deposit more than the cash ISA limit for the current tax year

This calculation is for guidance only, to show you what a future balance could look like.