Cymraeg

1 Year Regular Saver Bond

Our 1 Year Regular Saver Bond may be right for you if you have a regular amount to invest each month and can leave your investment untouched for a year.
1.25% AER† (Fixed) Apply Online
  Interest rate Gross* p.a. AER†
Fixed 1.25% 1.25%
  • Save online, in branch or by post
  • Save up to £250 a month for one year
  • Interest is calculated on your daily balance and paid on maturity
  • Multiple monthly deposits can be made, as long as you don't exceed the maximum monthly deposit of £250
  • You cannot make any withdrawals prior to maturity
  • Early closure permitted
  • Only one Bond per person
  • Limited availability
Summary Box
  Summary Box
Account name 1 Year Regular Saver Bond Issue 23
What is the interest rate? 1.25% Gross* p.a. / AER† (Fixed)

Interest is calculated on your daily balance and paid on the anniversary of your bond opening, on maturity.
Can Principality change the interest rate? No, the rate on this bond is fixed for 1 year until maturity.
What would the estimated balance be after 12 months based on a £3,000 deposit? £3,020.31 (based on 12 monthly deposits of £250, the first being made on the date the account was opened and the remaining 11 on the same day each following month).
How do I open and manage my account?
  • You must be aged 16 or over and a UK resident for tax purposes to open and operate this bond. The bond can be held in multiple names, but you can’t have more than one bond in your name.
  • Open your bond in branch, agency, online or by post.
  • Minimum balance is £20, maximum balance is £3,000.
  • You are not obliged to pay into your bond every month.
  • Multiple monthly deposits can be made, as long as you don't exceed the maximum monthly deposit of £250.
  • The bond will mature after one year on the opening anniversary.
  • Manage your bond in branch, agency, online or by post.
Can I withdraw money?
  • No, you cannot make any withdrawals prior to maturity.
  • You can close your bond and any interest you've earned will be added to your account when it is closed.
  • We will write to you before your bond matures to let you know what you can do with your balance.
  • If we don't receive any instructions from you before your bond matures, your balance will be transferred to our Instant Access Account or its nearest equivalent.
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 22/10/2020.
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). 

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. 

FAQs

Before you apply below, please read the 1 Year Regular Saver Bond Issue 23 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:

^ 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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1 Year Regular Saver Bond Issue 23

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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