A Fixed Cash ISA is designed to be held for the entire term. If you choose to close the account or transfer out of it before the fixed term is over, it will be subject to a term breakage charge (unless you’re within your 14 day cancellation period).
If the account is closed outside of your cancellation period, you won’t be able to re-open it or put money in another Cash ISA with us (or any other savings provider) in the same tax year.
The term breakage charge is taken off the closing balance we pay you. It will be equal to a fixed number of days’ gross interest on the amount you withdraw, at the rate your account is earning.
To work out your term breakage charge, find the relevant account term below, note the amount of days’ interest that will be charged and multiply this by your current interest rate.