1 Year Fixed Rate

All topics Savings accounts 1 Year Fixed Rate Can I withdraw from my 1 Year Fixed Rate before the access date?

Can I withdraw from my 1 Year Fixed Rate before the access date?

No. Payments into your 1 Year Fixed Rate can’t be reversed or withdrawn once made. The product also doesn’t have a ‘cooling off’ period, so it’s important to make sure it’s right for you before opening, and you’re only paying in money which you’re comfortable locking away for 1 year.

You’ll be able to access your 1 Year Fixed Rate balance once your fixed term has ended, on the access date shown in Wealth > 1 Year Fixed Rate. We’ll contact you before your access date to explain the options available to you, however you will always be able to withdraw your money, together with any interest accrued, to your linked bank account on this date.

 

 

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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