What happens when the fixed term ends?
Updated 3 months ago
We'll get in touch with you shortly before the end of the term to give you a heads up. When the term does end, we'll move your money into your savings holding account until you’re ready to withdraw.
Rest assured, your savings holding account still offers FSCS protection and will pay you interest too, although it will be at a lower rate than your Fixed Term Savings account.
Once your money is in your holding account, you have three options:
- Withdraw all your money at once into your linked account.
- Resave all your money into a new Fixed Term Savings account.
- First resave part of your money into a new Fixed Term Savings account, and then withdraw the remaining balance into your linked bank account.
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