Yes, but this account doesn’t allow part withdrawals. You can close the account
and withdraw the whole of the balance during the fixed term, subject to payment of an
early access charge.
Once the account is open, there is a 14 day cancellation period where you will be able
to cancel your Fixed Rate e-Bond. After this period if you do close the account early the
early access charge will apply. The amount of the early access charge will depend on
the length of the fixed term and will be based on a number of days’ interest at the rate
applicable to the Fixed Rate e-Bond as detailed in the table below.
||Early Access Charge
|1 year Fixed Rate e-Bond
||90 days interest
|2 year Fixed Rate e-Bond
||180 days interest
If there's insufficient earned interest to cover the early access charge then the difference will be taken from the money in the account. The money in the account, together with any interest earned and minus the early access charge, will be paid to you on closure of the account.
At the end of the term, your Fixed Rate e-Bond will mature into a Fixed Term e-Bond Maturity account, giving you instant access to your money. We’ll contact you before your Fixed Rate e-Bond matures with more information.