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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

What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

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

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

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 ISAs

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 Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

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 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.
  • Invest From: £30 pm

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
See Deal Up to £400 for all new users that create an account until the end of April

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
  • Invest From: £100

My Choice ISA

from Scottish Friendly

Allows ISA Transfers
Regular Savings
  • Fund Choice: A choice of 10 funds so you can pick those that best suit your needs, whether that is just one, a mixture of all 10 or somewhere in between.
  • Invest From: £10pm

Stocks & Shares ISA

from Beanstalk

Allows ISA Transfers
  • Fund Choice: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.
  • Invest From: £10

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

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

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 2022/23 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:

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.