Easy Access

Principality Building Society Online Easy Access Review

An easy access account from Principality Building Society. It ranks 124th of 194 easy access accounts we track.

Variable rate

2.25%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Annually

How It Stacks Up

Ranks 124th of 194

Easy access accounts we track

Well below average
This account 2.25%
UK CPI (Aug 2026)
3.10%
Pays 0.85% less
Average easy access
2.86%
Pays 0.61% less
Best easy access
5.50%
Pays 3.25% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 2.30% more than this Principality Building Society account
  • Instant access, open with £10
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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with Principality Building Society's Easy Access

What you could earn with Principality Building Society's Online Easy Access.

Estimated interest

£1,000 saved

£22.50

At 2.25% AER

£5,000 saved

£112

At 2.25% AER

£10,000 saved

£225

At 2.25% AER

£50,000 saved

£1,125

At 2.25% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Principality Building Society Online Easy Access

Jonny PeaseCo-Founder, DepositScout

Principality Building Society's Online Easy Access pays 2.25%, which is below the market average for easy access accounts and 2.75% behind the current leader at 5.00%. The rate also sits 0.85% below CPI inflation of 3.1% (Aug 2026), meaning your money is losing real purchasing power. This account opens with just £1, so it suits someone who wants a low-barrier, flexible home for cash, but I would still check Monzo's Instant Access Savings at 2.75% or their Select Access Savings at 3.15% before committing here.

Compare Easy Access Accounts

2 alternatives to Principality Building Society's Online Easy Access

Same type of account, closest on rate.

Common questions about the Online Easy Access

D

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Easy Access rate just dropped

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Example Easy Access Saver Rate Down
4.20% AER
4.75%
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