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Compare Principality ISAs

Compare ISAs from Principality and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

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Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm
See Deal Open an ISA before 31 December and get £100 cashback. New customers only, invest £5k or more. Terms & fees apply. Capital at risk.

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00
See Deal Choose from over 13,000+ global stocks & ETFs. Invest in UK shares from as little as £3 per trade. IG offer a "Smart Portfolio ISA" where you can get an expertly built portfolio that is right for your risk profile. Capital at risk.

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)
  • Invest From: £30 pm

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you
  • Invest From: £1

Stocks & Shares ISA

from Nutmeg

ISA Option
Allows ISA Transfers
  • Fund Choice: Nutmeg offer 5 diversified portfolios with ETFs, using technology to keep charges low. Capital at risk. Approved by Nutmeg 24/02/2023
  • Invest From: Min. £500 single

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you. Capital at Risk
  • Invest From: £100

Stocks & Shares ISA

from Tillit

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: From well-known classics to trailblazers and wildcards, TILLIT filter the market and select the best-in-class active and passive funds across asset classes, regions and styles. No one needs 5,000 funds. Get breadth and variety, without the choice paralysis

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Share Dealing ISA

from Interactive Brokers

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £3.00
See Deal Eligible UK Investors can open ISA's and Earn £55 of Commission Credit. For new clients. Limited time only, Terms apply

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

My Money Builder Select ISA

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: When you set up a My MoneyBuilder Select (ISA), your money will be invested in a single fund - the Unitised With-Profits fund. A mixed managed fund from Scottish Friendly where premiums are pooled with those of other clients and returns are linked to the performance of the underlying assets within the fund. Remember the value of investments can go down as well as up, and you could get back less than you’ve paid in. If you cash in before the end of 5 years there will be a £50 deduction from your cash-in value
  • Invest From: £10 pm o r £100 single

Stocks & Shares ISA

from & me

Allows ISA Transfers
Regular Savings
  • Fund Choice: Range of portfolios managed by investment experts from M&G Wealth, who continually review a range of factors and global trends to make ongoing decisions about where to invest, and find new opportunities with the potential to deliver long-term growth for investors

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Stocks & Shares ISA

from ChipX

ISA Option
Allows ISA Transfers
  • Fund Choice: Save and invest across investment funds, cash savings, and real assets
  • Invest From: No minimum

Who are Principality Building Society?

Principality Building Society are the largest building society in Wales.

The building society’s history dates back to 1860, and today they provide customers with a range of financial services online, by phone, by post and in branch.

Their financial products include mortgages, savings accounts and insurance products. They offer a variety of Cash ISA accounts within their savings accounts range which provide investors with a tax-efficient way to save.

What is an ISA account?

An ISA is a type of tax-free savings account available to investors in the UK.

You are allowed to save up to £20,000 in ISAs in the current tax year, and all of your investment profits are 100% free from tax.

Your ISA allowance refreshes each year so you can keep topping up over time, and your savings are always sheltered from the following taxes:

Income tax – in an ISA, you don’t pay income tax on interest or dividends.

Capital gains tax – in an ISA, you don’t pay capital gains tax on the growth of your investments.

What are the different types of ISA accounts?

The main two types of ISA accounts are Cash ISAs and Stocks and Shares ISAs.

Cash ISAs are solely for cash savings that earn interest, whereas Stocks and Shares ISAs invest in the stock market.

Cash ISA Basics

  1. Earn an interest rate on your cash savings
  2. Either fixed or variable interest rates are available depending on how much access you have for withdrawals
  3. Cash ISA savings cannot go down in value
  4. You could be charged for withdrawing if you take money out before the end of a fixed term ISA

Stocks and Shares ISA Basics

  1. Invest in the stock market through funds, shares, ready-made portfolios and other investment types
  2. Build a portfolio yourself or invest in a professionally managed portfolio
  3. Your investments can go up and down in value, so you could lose money
  4. You pay annual charges to any fund managers you invest with, along with to your Stocks and Shares ISA provider
  5. Potential for higher returns compared to Cash ISA savings, but you can also lose money

What type of ISA is a Principality ISA?

Principality do not currently offer a Stocks and Shares ISA but do provide a range of Cash ISAs to choose from.

Each Cash ISA varies based on the interest rate they provide, whether you’re allowed to access your account for withdrawals, and how much you need to invest to open the account.

The two main types of Cash ISAs are Fixed-rate ISAs and Variable-rate ISAs (also known as instant-access ISAs).

Principality’s fixed-rate Cash ISAs:

  1. The longer the fixed term you commit to, the better ISA rates you’ll get
  2. You can open an account with a minimum deposit of £500, or by transferring in an existing ISA
  3. You lose a portion of your interest if you take money out before the end of the fixed term

Principality’s variable-rate Cash ISAs:

  1. Generally lower interest rates compared to fixed-rate ISAs
  2. You have greater access for withdrawals, though this may still be capped at certain amounts
  3. You can open an account with a minimum deposit of £1

Can I transfer my existing ISA into a Principality Building Society ISA?

Instead of making a cash deposit to open your ISA, you can also transfer your existing ISAs into a Principality ISA to start investing.

ISA Transfer Key Points:

  1. ISA transfers don’t count towards your annual allowance, so you can transfer as much as you like and also add up to £20,000 of new money
  2. Make sure to check with your current ISA provider whether you’ll be charged a fee for transferring away
  3. To transfer your ISA, complete an ISA transfer form with Principality Building Society
  4. Principality will complete your ISA transfer for you and you will be notified when it goes through

You must complete your ISA transfer using the above steps instead of just withdrawing your current ISA yourself and adding the money to your new account.

If you don’t use an ISA transfer form, when you add the money to your new ISA it will be classed as a normal contribution, so you’ll lose that portion of your annual ISA allowance.

How do I open a Principality Building Society ISA?

The quickest way to open a Principality ISA is online, but you can also open an account in your local Principality branch if you’d prefer.

You must be:

  1. At least 16 years old
  2. A UK resident

You also must not have opened another Cash ISA with any other provider in the current tax year as per the standard ISA rules. 

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2023/24 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Important Risk Information:

Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.