At the end of your term of either 6, 12 or 24 months (the Maturity date), your Fixed Rate Saver Account will mature. When you are opening your account, or at any stage during the term, you can give us a Maturity instruction stating what you would like to do with your money at the end of the term. You can also change your maturity instruction using our Online Banking Service.
You can choose from three options:
1. You can reinvest all of your funds for the same term again or for a different term. The applicable interest rate for the term you choose will be applied to your account on the day your account reinvests
2. You can withdraw some of your funds and reinvest the balance. You can choose to withdraw the interest you have earned during the term and/or you can choose to withdraw a specified amount, as long as you ensure that the minimum balance of £5,000 is maintained for reinvestment. The applicable interest rate for the term you choose will be applied to your account on the day your account reinvests
3. You can withdraw all of your funds and close your account.
You can change your Maturity instruction at any time during the term, by contacting your branch up until close of business on the business day before your Maturity date.