Go paper-free
Amend paper-free preferences for your statements and correspondence.
When the term is nearly over for your fixed cash ISA, provide your instructions to choose what you want to do with your savings.
If your account has already matured, skip to read your options.
We will send you a maturity pack before your maturity date containing all the information you will need about the options available to you. If there are 25 days or less left of your fixed term, you can choose what to do with your money from the following options:
Account Name |
Interest rates/AER |
Minimum opening balance |
Access |
Withdrawals |
---|---|---|---|---|
Account Name Fixed Cash ISA |
Interest rates/AER 3.95% AER/tax free for the 1 year term.
3.65% AER/tax free for the 2 year term.
An extra 0.05% AER/tax free for the one year term or 0.10% AER/tax free for the two year term will be added if you already have a Bank of Scotland personal current account that has been opened for a minimum of 40 days.
Choice of interest paid monthly (may be at a different rate) or annually. |
Minimum opening balance £500 |
Access Online, branch, phone |
Withdrawals No withdrawals. If you close your account early, you lose an amount the same as 90 days’ tax free interest for a 1 year term and180 days’ tax free interest for a 2 year term. This means you may get back less than the amount you reinvest.
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You can submit your instructions by phone, online or in one of our branches with a counter. You need to do this before the date your fixed term ends. If you lose your maturity pack, you can still submit your choice by any of the options below.
Provide your instructions through Internet Banking by selecting your option under “more actions” in your account overview.
Log in to select your maturity option
If you have not already, you can register for Internet Banking.
You can call us.
Visit your local branch with a counter and bring proof of identity. We recommend you book an appointment.
If your account matures on a Friday, weekend or bank holiday, you won't see your requested changes in Internet Banking until the next working day.
If you reinvest, once your request is complete we will send you a Certificate of Investment confirming the term and interest rate on your new account.
If your fixed cash ISA matured and you didn't provide your maturity instructions, it would have changed into an easy access cash ISA with a variable interest rate.
You can now decide whether to:
Tax treatment depends on individual circumstances and may change in the future.
For a definition of AER, gross and other terms, view our savings glossary.