When your Fixed Rate Cash ISA matures, you need to let us know if you want to reinvest the funds. You can choose to reinvest your ISA for the same term again, or for a different term. You can also choose to add funds to, or remove funds from, your new Fixed Rate Cash ISA.
You can fill in this form up to 40 days before or 30 days after your maturity date.
If 30 days have passed since maturity, your funds have already been transferred to an Instant Access Cash ISA. Please call us on 0345 08 08 500 to talk about your options.
Here’s a handy reminder of our Fixed Rate Cash ISA's key features:
|Interest rates||Save from||Annual tax free allowance||Interest paid|
|0.15% - 0.30% AER*||£1||£20,000 for 2021/22||Annually|
The amount of interest you earn depends on how long you put your money away for. This account doesn’t allow you to take money out during the term. You cannot make partial withdrawals from this account. You can close the account or transfer the full amount before the end of the term, but you will lose 180 days’ interest.
|1 year||2 years||3 years||4 years|
|0.15% AER*||0.20% AER*||0.25% AER*||0.30% AER*|
*AER stands for annual equivalent rate. It shows how much the interest rate would be if the interest was worked out once a year. You can use it to compare different financial products.
For more information, please read the Fixed Rate Cash ISA important information summary before you continue.
You need to complete our eform:
It will take about 5 minutes.
If you no longer want to reinvest your Fixed Rate Cash ISA, you don’t need to do anything. Once your Fixed Rate ISA matures, we’ll transfer the funds to an Instant Access Cash ISA, which has a different interest rate. Your account number will stay the same, and you’ll be able to access your money at any time with no penalties.