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	3 Year Bond
Interest Rate (AER) i	4.8%
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	5 Year Bond
Interest Rate (AER) i	4.73%
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	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	1 Year Bond
Interest Rate (AER) i	5.1%
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

Account Type i	2 Year Bond
Interest Rate (AER) i	5%
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

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

Matching sets (Buildings) i	50% of the cost of replacing the undamaged parts
Escape of water excess (minimum) i	£500.00
Buildings compulsory excess i	£100.00
Escape of water excess i	£500.00
Unoccupied period i	60.00
24hr helpline i
Cancellation fee after 14 days (buildings) i	£0.00
Amendment fee (telephone) i	£0.00
Property owner liability i	£5,000,000.00

Interest Rate (AER) i	4.85%
Minimum Opening Balance i	£1.00
Maximum Balance i	£1,000,000.00
Part of FSCS i
Withdrawal Penalty i	2 withdrawals are allowed per calendar year (as well as withdrawal at closure)
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
Penalty free withdrawals? i
Additional Information i

Interest Rate (AER) i	3.65%
Minimum Opening Balance i	£1.00
Maximum Balance i	£2,000,000.00
Part of FSCS i
Withdrawal Penalty i	3 withdrawals per calendar year are allowed, this includes account closure
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
Penalty free withdrawals? i
Additional Information i

Interest Rate (AER) i	3.5%
Minimum Opening Balance i	£1.00
Maximum Balance i	£250,000.00
Part of FSCS i
Withdrawal Penalty 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
Penalty free withdrawals? i
Additional Information 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	4.2%
Maximum Balance i	£20,000.00
Withdrawal Penalty i	There are 3 withdrawals permitted, including closure.
Minimum Monthly Investment i	£1.00
Maximum Monthly Investment i	£250.00
Penalty free withdrawals? i
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	Customer must be currently and directly employed by the NHS.
Notice Period i
Fixed Term Length i
Additional Information i

Interest Rate (AER) i	5.05%
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 360 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Interest Rate (AER) i	4.9%
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 180 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Interest Rate (AER) i	4.72%
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?
Can you transfer in funds from a stocks and shares ISA?

Interest Rate (AER) i	5.06%
Minimum Opening Balance i	£1.00
Part of FSCS i
Withdrawal Penalty 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
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

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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