60 Day Notice Cash ISA

	Summary Box
What is the interest rate?	0.25% Tax-free^ each year / AER† (Variable) (See the meanings of 'Tax-free' and 'AER' at the bottom of this page) Interest is calculated each day on the money in the account and paid on 6th April every year.
Can Principality change the interest rate?	Yes, variable interest rates can go up or down. If you have £100 or more in the account, we will give notice of any reduction in interest rates at least 14 days before the change takes effect. For more information, see the section Changes to interest rates in our Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	£1,002.50 This is based on no further money being put in or taken out of the account and no change to the interest rate.
How do I open and manage my account?	You must be 16 or over and a UK resident (see your Easy Cash ISA account terms). You can open your ISA in branch or at an agency. You must keep at least £500 (the minimum balance) in the account. If your ISA reaches £20,000 during the 2021/2022 tax year you cannot pay any more money in. You cannot pay in more than the ISA Allowance each year. You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance. You can manage the account in branch, agency, by post, or by using the online service Your Account at www.principality.co.uk.
Can I withdraw money?	Yes, you can make a withdrawal, close or transfer your ISA at any time. This is a flexible ISA. This means you’ll be able to take money out of it and replace that money before the end of the same tax year, without the replacement contributing to your annual ISA allowance.
Additional information	Service charges and costs may apply to the account. These are set out in our Tariff of Charges. In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions. The tax treatment of your savings depends on your individual circumstances and may change in the future. This is set by H M Revenue and Customs (HMRC). The interest rates quoted above were correct on 01/06/2021.

	Interest rate	Balance	Tax-free^ each year	AER†
	Variable	£500 - £20,000	0.25%	0.25%

	Summary Box
Account Name	60 Day Notice Account Issue 2
What is the interest rate?	AER† Gross* p.a. Annual interest 1.20% 1.20% Monthly interest 1.20% 1.19% Interest is calculated on your daily balance and paid annually on 1 January every year or monthly on the first business day of each calendar month, depending on what you choose.
Can Principality change the interest rate?	Yes, variable account rates could increase or decrease. Customers will be given personal notification of any material reduction in Interest rates a minimum of 14 days before the change takes effect. To understand why rates may be reduced please refer to conditions 74-80 of our Savings Terms and Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?	£1,012.00 (based on the assumption that no further deposits or withdrawals are made during the 12 months).
How do I open and manage my account?	You must be aged 16 or over. You must be a UK resident for tax purposes to open and operate this account. Open your account in branch or agency. Existing customers who wish to transfer funds from their maturing Principality Fixed Term Bond to open this Account can do so in branch, agency or by post. Minimum balance is £500, maximum balance is £2,000,000. The minimum balance must be maintained to operate the account. Manage your account in branch, agency, post or online via secure message (subject to Your Account eligibility criteria, available when you click ‘Register Now’ at www.principality.co.uk/register).
Can I withdraw money?	Yes, all withdrawals from and closure of your account are subject to 60 days’ prior notice or loss of 60 days’ gross interest on the amount you withdraw if you do not give 60 days’ prior notice.
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 12/11/2019.

^Tax-free means UK Income Tax and Capital Gains Tax is not deducted from the interest you earn. This depends on your individual circumstances, and may change in future.

†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.

Why Principality?

6th largest UK building society
A mutual building society, owned by and run for the benefit of our 500,000 members
Over 150 years experience
Taking care of over £11 billion of our customers' assets

Helpful information

Useful Documentation

We are covered by the FSCS

Find out more about what it means for you.