60 Day Notice Cash ISA

  Interest rate Balance Tax-free^ p.a. AER†
Variable annual £500 - £20,000 1.20% 1.20%
Variable monthly £500 - £20,000 1.19% 1.20%
  Summary Box
Account name 60 Day Notice Cash ISA Issue 2
What is the interest rate?
AER†
Tax-free^ 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 6 April (or the next business day) every year, or monthly on the 6th day (or the next 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 ISA to open this Account can do so in branch, agency or by post.
  • Minimum balance is £500 and you can save up to the current annual Cash ISA limit of £20,000 (plus transfers-in of existing ISA balances) in this tax year. 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’ interest on the amount you withdraw if you do not give 60 days’ prior notice.
  • This is a flexible ISA Account. This means that 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 any further towards your annual ISA allowance. If you choose to have your interest paid to another account this counts as taking money out under the flexible ISA rules, so you could pay in money to replace the interest removed, without it counting towards your Annual ISA allowance.
Additional information
  • Service charges and costs may apply to your account. These are outlined in our Tariff of Charges.
  • 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 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.

† 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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