Regular Saver close to maturity?

Here’s what happens and what you could do next

Exactly 1 year after you open your Regular Saver Account, we’ll add the interest to your balance and the maturity process will begin.

your Regular Saver will disappear from the balances page while it matures
it can take up to 5 working days to complete* (don’t worry you’ll still be earning interest)
your money will be transferred into your sole Savings Account if you have one. If you don’t, we’ll turn your Regular Saver into one for you.

Once it’s all done, your money will be ready for whatever you’ve got planned next. You’ll also be able to apply for a new Regular Saver if you’d like one.

*withdrawing your money before this process completes could result in a lower interest paid.

What can I do next?

When your Regular Saver ends, here are 4 ways to make the most of your savings.

1. Get another Regular Saver

If a Regular Saver worked for you, you could apply for a new one and start building another pot of money. With a fixed rate for 12 months, you’ll know exactly what’s what.

You can apply for a new account once your current one has matured.

Regular Saver Account

2. Explore other saving options

If your plans or goals have changed, why not take a look at our other savings accounts.

We’ve got 5 to choose from, each with different benefits, from bonus interest rates to tax-free* savings.

Compare savings accounts

3. Consider investing

A rainy day fund is a great idea. But if you’ve got a large amount just sitting there, investing might help you make more of your money.

The value of investments can go down as well as up, so you might not get back what you put in. You can access your money if you need to, but you should aim to invest for at least 5 years.

Learn more about investing

4. Repay any debts

If you have debts that are incurring high levels of interest, it might make sense to use some savings to pay them off. It’s generally best to repay the debt with the highest interest rate first, as that’s costing you the most money.

Don’t forget to check that you won’t be charged for early repayments or overpayments.

Discover ways we can help

Remember, when your Regular Saver matures, we'll transfer your savings into your sole Savings Account or turn your Regular Saver into one for you. So there’s no rush to decide.

Got a question? You can chat to us anytime on our App. You'll get an instant reply from our chatbot, and if that doesn't do the job, our 24/7 support will step in.