1 Year Regular Saver Bond

Our 1 Year Fixed Rate Bond may be right for you if you have a lump sum to invest and can leave your investment untouched for 1 year.

2.00% AER† (Fixed) Apply Online

	Interest rate	Gross* p.a.	AER†
	Fixed	2.00%	2.00%

Save online, in branch or by post
Save up to £500 a month for one year
Interest is calculated on your daily balance and paid on maturity
Multiple deposits are permitted up to the monthly maximum
No withdrawals allowed before the end of the 1 year term
Early closure permitted, however you won't receive the advertised interest rate
Only one Bond per person
Limited availability

Summary Box
Calculate your savings
Help & guidance

Summary Box

	Summary Box
Account name	1 Year Regular Saver Bond Issue 18
What is the interest rate?	2.00% 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 £3,600 deposit?	£3,639 (based on 12 monthly deposits of £300, 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 £6,000. 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 £500. 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, but any interest you've earned will be calculated at the rate of our Instant Access Account or the nearest equivalent available, if you do this before maturity. 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 23/08/18.

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Amount must be less than 500

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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.
The calculations assume interest is paid gross* of income tax on the entire balance on an annual basis
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.

FAQs

Before you apply below, please read the 1 Year Regular Saver Bond Issue 18 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.

Please click to confirm that: You have read and agree to, our 'Savings Terms and Conditions', '1 Year Regular Saver Bond Issue 18 Account Terms', 'Basic information about the protection of your eligible deposits', our Privacy Policy and the 'Electronic Verification Guide'. You consent to us processing your personal data in order to operate your account. This consent will also allow us to process your personal data in connection with any savings account to which you transfer your funds internally. You can contact us to withdraw that consent at any time but that could result in the closure of your account.

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