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Fixed cash ISA maturity instructions
The benefits of reinvesting
- All interest is paid tax free.
- ISA transfers benefit from our ISA Promise.
- You have 14 days from the date the ISA changes to cancel the account with no charge. You can do this by closing it or transferring to another ISA product. We’ll pay you back any credit balance and pay interest on the account for the time your money was with us.
- You can renew your fixed cash ISA up to 28 days before it matures.
- Select Amend your maturity instruction.
- Select one of the four maturity instructions:
- Reinvest full balance
- Reinvest balance and add funds
- Partial withdrawal and reinvest balance
- Withdraw full balance and close account
- Your account will automatically change to an Instant ISA Saver if you do not give an instruction.
Let’s take a closer look
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If there's 25 days or less left of your fixed term, you can choose what you'd like to do with your money:
- Reinvest your full balance into a new fixed rate cash ISA.
- Reinvest and add more money.
- Withdraw money and reinvest the rest.
- Close the account and withdraw all your money.
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- We must receive all deposits and transfers within 60 days of account opening.
- If your account matures on a Friday, weekend or bank holiday, you won't see your requested changes in Online Banking until the next working day. Once your request is complete we'll send you a Certificate of Investment confirming the term and interest rate on your new account.
- You can choose where your interest is paid: to your ISA, to another account with us or another bank or building society. If your interest is paid into a non-tax-free account, tax might be due on any more interest you earn from this.
- At the end of the fixed term, unless we receive instructions from you, your account automatically changes to an Instant ISA Saver.
- Tax treatment depends on individual circumstances and may change.
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Account name
Interest rates
Minimum opening balance
Access
Withdrawals
Account name
ISA Saver Fixed
Interest rates
3.80% AER/tax free interest for the one year term.
3.40% AER/tax free interest for the two year term.
An extra 0.10% AER/tax free for the one year or two-year term will be added if you already hold a Halifax Personal Current Account that has been open for a minimum of 40 days.
3.20% AER/tax free interest for the five year term.
Choice of interest paid monthly (may be at a different tax free rate) or annually.
Minimum opening balance
£500
Access
- Online
- By phone
- In branch
Withdrawals
You can close the account early but for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two year term account you’ll be charged the equivalent of 180 days’ gross interest. For the five year term account you’ll be charged the equivalent of 365 days’ gross interest. This means you may get back less than you put in.
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You can call us or visit your local branch with a counter and bring proof of identity. We recommend you book an appointment.
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If your fixed cash ISA matured and you didn't give your maturity instructions, it would have changed into an easy access cash ISA with a variable interest rate.
You can now decide whether to:
- do nothing, and your money will stay in the easy access cash ISA
- renew into a different easy access cash ISA or ISA Saver Fixed.
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For a definition of AER, tax free and other terms, view our savings glossary.
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