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

Alex avatar
Written by Alex
Updated this week

No. Payments into your 1 Year Fixed Rate can’t be reversed or withdrawn once made.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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