Our online fixed rate accounts are set up to make managing your money as easy as possible. On the day your bond matures, we will transfer your savings to another account and will allow you access to make any withdrawals, reinvest into another bond or to close your account. If you decide you would like to reinvest into another bond, you can do this through your online account, just follow the details outlined below.
When your Fixed Rate ISA matures we will automatically transfer your funds into a Variable or Fixed Rate e-ISA which will allow you immediate access to your savings. After this, you have a number of options open to you:
If you decide to reinvest into another Fixed Rate e-ISA you can do this by following the steps below.
If you want to, you can withdraw all of your savings after maturity without losing any interest.
Please note, if you wish to close the account which holds your savings, you can do this by selecting 'Close account' in the same menu of your online account.
If you do make a withdrawal or close your account without transferring directly to another ISA, the amount you withdraw will lose its tax-free status and cannot be transferred back into the e-ISA your savings matured into if you have already invested the full ISA limit for the current tax year.
If you haven't already subscribed in another Cash ISA during the current tax year, you could add more to your account, subject to ISA limits. A reminder of these can be found in our Guide to Tax-free savings.