Web ISA (Issue 9)

• Open this ISA online
• Pay in from £1 to £20,000 in the current tax year
• Transfer in existing ISAs
• Interest is paid each year on 6th April
• Take money out whenever you need to
• Enjoy the benefit of this being a flexible ISA
• You can close or transfer this ISA at any time
• We can stop accepting applications at any time.

• Summary Box
• Calculate your savings
• Help & guidance

Summary Box

	Summary Box
What is the interest rate?	0.65% 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 rates?	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?	£1,006.50 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 Web ISA account terms). You must open your ISA online. You have to link your Web ISA to a current account in your name with another UK bank or building society in order to move money when you need it. You can’t have more than one of this issue number of the Web ISA in your name. You must keep at least £1 (the minimum balance) in the account. If your ISA reaches £20,000 during the 2022/2023 tax year you cannot pay any more money in. You cannot pay in more than the ISA Allowance each year. If your ISA reaches £250,000 you cannot pay or transfer any more money in. You can transfer unlimited amounts from ISAs from previous tax years, as these are not part of your current year’s ISA allowance. If we do not receive the first payment within five business days of the account opening, we will close it. You must manage the account using the online service, Your Account, at www.principality.co.uk.
Can I withdraw money?	Yes, you can make a withdrawal or close your ISA at any time using your linked account. You can 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 HM Revenue and Customs (HMRC). The interest rates quoted above were correct on 01/06/2022.

Calculate your savings

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Savings calculator

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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. 

Before you apply below, please read the Web ISA (Issue 9) Account Terms and Conditions

If you are only transferring previous years’ ISA subscriptions, please enter your initial deposit as £1 on the application form. We will advise you how to make your transfer at the end of the application process.

You can only invest in one Cash ISA per tax year.

As you will be bound by the account terms of the ISA 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.

• Web ISA Issue 9 Account Terms and Summary
• Savings Terms and Conditions 
• Privacy Policy

Please also read the following:

• Basic information about the protection of your eligible deposits
• Electronic Verification Guide
• Tariff of Charges
• Your Information

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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