Maturity 5 Year Fixed Rate Cash ISA

Interest is calculated each day on the money in the account. You can choose whether interest is paid: 

• Annually (each year), on the anniversary of the account opening.
• Monthly, starting one month after the date the account opened, and then each month after that.

No, the rate is fixed for five years until the ISA matures (when the account comes to an end). 

£1,199.21

This is based on: 

• You choosing to have interest paid annually and added to your ISA.
• You not making any further payments into the account.

This calculation is for guidance only, to show you what a future balance could look like. It does not consider your individual circumstances. 

• You must be a Principality customer with a fixed term savings account coming to the end of its fixed term (maturing). 
• You must be a UK resident and satisfy the minimum age requirements to open a cash ISA (see your Maturity 5 Year Fixed Rate Cash ISA account terms). 
• You can move money from your maturing Principality account in branch, at an agency, by post or online. 
• You must keep at least £500 (the minimum balance) in the account. 
• You cannot pay in more than the ISA Allowance each tax year. The ISA Allowance for the current tax year (2024/2025) is £20,000. You can only pay your ISA Allowance into one Principality cash ISA in the current tax 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 keep making payments into your ISA up to 5 business days after opening the account. 
• Your ISA will mature after five years, on the anniversary of the account opening. 
• You can open the account up to 14 days after the date your existing Principality account matures unless we remove it from sale. We can stop accepting new applications for this account at any time. 
• You can manage the account in branch, at an agency, by post or by using a secure online profile with Principality. 

No, you cannot make withdrawals from your ISA before it matures. 

If you close, or transfer your ISA before the end of the fixed rate term (within five years), you will lose 360 days of interest. If you haven’t earned enough to cover the 360 days’ interest it will be taken from the money in the account. This means you may get back less than you originally put in. 

We will write to you before your ISA matures to find out what you want to do with your money. 

If we don’t receive any instructions from you before your ISA matures, we will move your money to our Variable Rate Cash ISA or the nearest equivalent we offer at the time. 

Service charges and costs may apply to your ISA. 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). Further information can be found at gov.uk.

The interest rates quoted above were correct on 17/10/2024.