1 Year Fixed Rate

All topics Savings accounts 1 Year Fixed Rate What are my options when my 1 Year Fixed Rate matures?

What are my options when my 1 Year Fixed Rate matures?

When your fixed term ends, the interest you’ve earned is added to your 1 Year Fixed Rate balance, and you’ll need to decide what to do with your money next.

We’ll contact you before the access date shown in Wealth > 1 Year Fixed Rate 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.

Once your 1 Year Fixed Rate is empty, we’ll close it and send you a statement in Settings > Statements and documents.

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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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