Principality Building Society

Principality Building Society is the largest building society in Wales, and the sixth largest in the UK. Its roots date back to the middle of the 19th century.

As Principality is a building society, it's owned by its members rather than shareholders.

In 2015 it bought the naming rights to the Millennium Stadium in Cardiff, which in 2016 was renamed the Principality Stadium.

It provides several different banking products, including savings accounts and mortgages, it doesn't offer a current account, it also offers home and life insurance.

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Mortgages

Ranked 5^th of 23 providers reviewed.

Customer happiness score	72.54%
Customer trust score	62.68%
Complaints performance	81.72%
Transparency rating	53.67%
Fairer Finance score Reviewed Autumn 2023	68%

Savings Accounts

Ranked 13^th of 53 providers reviewed.

Customer happiness score	65.95%
Customer trust score	60.43%
Complaints performance	78.69%
Transparency rating	74.93%
Fairer Finance score Reviewed Autumn 2023	70%

Account Type i	5 Year Bond
Interest Rate (AER) i	3.8%
Minimum Opening Balance i	£500.00
Maximum Balance i	£2,000,000.00
Notice Period i
Fixed Term Length i	5 Year Bond
Minimum Age to Open Account i	0
Maximum Age i	0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Account Type i	2 Year Bond
Interest Rate (AER) i	4.4%
Minimum Opening Balance i	£500.00
Maximum Balance i	£2,000,000.00
Notice Period i
Fixed Term Length i	2 Year Bond
Minimum Age to Open Account i	0
Maximum Age i	0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Account Type i	Easy Access
Interest Rate (AER) i	4.6%
Minimum Opening Balance i	£1.00
Maximum Balance i	£50,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i	0
Maximum Age i	15
Withdrawal Penalty i	Only one withdrawal, including account closure, is allowed per calendar year.
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i	Reverts into Instant Access Account or the nearest equivalent when the child reaches 16.
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Account Type i	3 Year Bond
Interest Rate (AER) i	4.1%
Minimum Opening Balance i	£500.00
Maximum Balance i	£2,000,000.00
Notice Period i
Fixed Term Length i	3 Year Bond
Minimum Age to Open Account i	0
Maximum Age i	0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Account Type i	1 Year Bond
Interest Rate (AER) i	4.45%
Minimum Opening Balance i	£500.00
Maximum Balance i	£2,000,000.00
Notice Period i
Fixed Term Length i	1 Year Bond
Minimum Age to Open Account i	0
Maximum Age i	0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Alternative accommodation cover limit for buildings i	£50,000.00
Theft from outbuildings i	Sum insured
Protection against inflation (Buildings)
Matching sets (contents) i	50% of the cost of replacing the undamaged parts
Contents compulsory excess i	£100.00
Property owner liability i	£5,000,000.00
Cancellation fee within 14 days i	£0.00
Contents cover limit i	£80,000.00
Alternative accommodation cover limit for contents i	£50,000.00
Buildings cover limit i	£1,000,000.00
Cancellation fee after 14 days i	£0.00
Liability to domestic employees i	£10,000,000.00
Trace and access i	£5,000.00
Keys/locks if lost or stolen (Buildings) i	Sum insured
Liability as a tenant i	£10,000.00
Replace belongings new for old i
Flood excess i	£500.00
Escape of water excess (minimum) i	£500.00
Money in the home i	£500.00
Visitor's possessions i	£1,000.00
Office equipment i	£15,000.00

Alternative accommodation cover limit for buildings i	£25,000.00
Theft from outbuildings i	Sum insured
Protection against inflation (Buildings)
Matching sets (contents) i	50% of the cost of replacing the undamaged parts
Contents compulsory excess i	£100.00
Property owner liability i	£5,000,000.00
Cancellation fee within 14 days i	£0.00
Contents cover limit i	£80,000.00
Alternative accommodation cover limit for contents i	£25,000.00
Buildings cover limit i	£1,000,000.00
Cancellation fee after 14 days i	£0.00
Liability to domestic employees i	£10,000,000.00
Trace and access i	£0.00
Keys/locks if lost or stolen (Buildings) i	£750.00
Liability as a tenant i	£5,000.00
Replace belongings new for old i
Flood excess i	£500.00
Escape of water excess (minimum) i	£500.00
Money in the home i	£250.00
Visitor's possessions i	£0.00
Office equipment i	£5,000.00

Escape of water excess for buildings i	£500.00
Matching sets (Buildings) i	50% of the cost of replacing the undamaged parts
Frozen pipes i
Underground pipes, cables and tanks i	Covered as standard
Selling your home i
Emergency entries i
Accidental damage to drains i
Buildings compulsory excess i	£100.00
Unoccupied period i	60 days
Property owner liability i	£5,000,000.00
Helpline i
Cancellation fee after 14 days (buildings) i	£0.00
Amendment fee (telephone) i	£0.00

Interest Rate (AER) i	5%
Balance Tiers i	5.00% from £1
Minimum Opening Balance i	£1.00
Withdrawal Penalty i	2 withdrawals per year which then incurs closure.
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i
Maximum Balance i	£1,000,000.00
Minimum Age to Open Account i	16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Interest Rate (AER) i	4.8%
Balance Tiers i	4.80% from £1
Minimum Opening Balance i	£1.00
Withdrawal Penalty i	There are only 5 withdrawals per calendar year, the 5th withdrawal will close the account.
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i
Maximum Balance i	£2,000,000.00
Minimum Age to Open Account i	16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Interest Rate (AER) i	3.5%
Balance Tiers i	3.50% from £1
Minimum Opening Balance i	£1.00
Withdrawal Penalty i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i
Maximum Balance i	£250,000.00
Minimum Age to Open Account i	16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Interest Rate (AER) i	5.5%
Maximum Balance i	£3,000.00
Withdrawal Penalty i	Access is only available upon closure.
Minimum Monthly Investment i	£1.00
Maximum Monthly Investment i	£250.00
Minimum Opening Balance i	£1.00
Minimum Age to Open Account i	16
Sharia Account i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Notice Period i
Fixed Term Length i	1 Year Bond
Additional Information i

Interest Rate (AER) i	5.25%
Maximum Balance i	£25,000.00
Withdrawal Penalty i
Minimum Monthly Investment i	£1.00
Maximum Monthly Investment i	£1,500.00
Minimum Opening Balance i	£1.00
Minimum Age to Open Account i	18
Sharia Account i
Part of FSCS i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Notice Period i
Fixed Term Length i	5 Year Bond
Additional Information i	Reverts into Instant Access Account, or nearest equivalent then available, upon maturity.

Interest Rate (AER) i	4.05%
Minimum Opening Balance i	£500.00
What happens at maturity? i	The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i	16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i	Earlier access costs 270 days interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Interest Rate (AER) i	4.85%
Minimum Opening Balance i	£1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i	18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Principality Building Society

Children's Accounts

Children's Savings Accounts

Home insurance (building and contents)

Buildings insurance

Contents insurance

Savings Accounts

1 Year Fixed Rate Accounts

2 Year Fixed Rate Accounts

3 Year Fixed Rate Accounts

5 Year Fixed Rate Accounts

Easy Access Accounts

Regular Savers

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

2 Year Fixed Rate ISAs

3 Year Fixed Rate ISAs

5 Year Fixed Rate ISAs

Easy Access ISAs

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