3 Year Fixed Rate Bond

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

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

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

£1,144.45

This is based on: 

• You choosing to have interest paid annually and added to your bond.
• 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. 

• There is no minimum age to open this account. If you are under 14, it must be opened as a trust account. 
• You must be a UK resident (see your 3 Year Fixed Rate Bond account terms). 
• You can open the account in branch, at an agency or online. If you want to open this account with funds transferred from a Principality fixed term account that has matured, you can do this online, in branch, at an agency or by post. 
• You must keep at least £500 (the minimum balance) in the account. 
• If your bond reaches £2,000,000 you cannot pay any more money in. 
• You must make the first payment into your bond within five business days of it opening. If you don’t, we may close the account. 
• You can keep making payments into your bond while we are still offering this bond to customers. 
• Your bond will mature after three years, on the anniversary of the account opening. 
• 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 or close your bond before it matures. 

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

If we don’t receive any instructions from you before your bond matures, we will move your money to our Instant Access Account or the nearest equivalent we offer at the time. 

Service charges and costs may apply to your bond. These are set out in our Tariff of Charges. 

If the total amount of interest you earn is more than your tax-free Personal Savings Allowance, you may have to pay tax directly to HM Revenue and Customs (HMRC). For more information, visit gov.uk. 

Children are not exempt from paying tax. If the total amount of interest earned by a child is more than their tax-free Personal Savings Allowance, they may have to pay tax directly to HM Revenue and Customs (HMRC). If a child earns more than £100 in interest during this tax year from money given by a parent, the parent may also have to pay tax. For more information visit gov.uk. 

In certain circumstances we may refuse an instruction for using an account. These circumstances are set out in our Savings Terms and Conditions. 

The interest rates quoted above were correct on 15/10/2024.