Skip navigation.
Go to the Principal Financial Group(R) home page
Principal Bank®
Secure  Account Login

Select login type:

Personal Banking

Principal Bank transitions to a limited purpose trust savings bank

Principal Bank has changed its business model to become a limited purpose trust savings bank. As a result Principal Bank:

  • No longer holds deposits that are not part of a retirement account.
  • Retains all Individual Retirement Accounts (IRAs).

Changes to deposit accounts (checking, savings, certificates of deposit, money market)

If you have money in a checking, savings, certificates of deposit, or money market account:

  • Your account transfered to Bank of Internet USA as of Sept. 9.[1]
  • Principal Bank will provide you with a statement with activity and will pay interest through Sunday, Sept. 8, 2013.
  • For complete transition details, including Q&A, please refer to the Welcome Kit (PDF) you received from Bank of Internet USA dated August 9 or go online to

Still in the IRA business

Principal Bank has retained all Individual Retirement Accounts (IRAs). There will be no changes to the account features of your IRA. Remember:

  • IRAs are FDIC insured up to $250,000 per depositor.
  • Individuals age 59½ or older, can take regular distributions from their Bank IRA without charge.
  • Distributions can be transferred electronically to the individual's account at another financial institution.

You will be able to access your IRA information by:

  • Going to
  • Selecting "Personal" from the Account Login box dropdown menu rather than selecting "Principal Bank" to access account information

If you currently have online access through the Principal Financial Group® for other products and services, you can use your current login to access your IRA information.

Don't currently have online access through Follow these step-by step instructions for Accessing Account Information on (PDF).

Access My Account Information          Principal Bank Home

Pending regulatory approval.
Related Links

Answers to Frequently Asked Questions regarding Principal Bank accounts

Go to Frequently Asked Questions

Have a question?
Contact a bank customer service representative at 1.800.672.3343 or via e-mail.

Member FDIC

Equal Housing Lender

Copyright © , Principal Financial Services, Inc.
Disclosures and Terms of Use | Products and Services Disclosures | Privacy and Security
Securities offered through Princor Financial Services Corporation, member SIPC