Maturity options for your Personal Fixed Term Deposit Account
When your 1, 3 or 5 Year Personal Fixed Term Deposit Account matures, there are a number of options for you to decide what you’d like to do with the proceeds. If you’d like to withdraw some or all of the balance on the maturity date, call us on 0345 845 0829 and we can arrange this for you.
If you’re not sure what you’d like to do with the proceeds and need more time to decide, on the maturity date we’ll automatically transfer the balance into the Scottish Widows Bank Maturity Base Rate Tracker for personal funds. This account allows quick and easy access to your money and pays interest at the Bank of England base rate. You can view the terms and conditions for this account here.
Alternatively you can transfer the proceeds of your fixed term deposit account into an Instant Saver 2 Account.
This option offers a simple savings account that gives you easy access to your money:
- Transfer money to and from your main (nominated) current account as often as you like
- Operate the account online, by phone or by post
- This account is available to UK residents only
Note: While we can accept your instruction to open a new account before the maturity date, your funds can’t be transferred until after the maturity date, without incurring any applicable penalty.