The 1 Year Fixed Rate ISA has a cancellation period which runs for 14 calendar days after your first deposit. If you choose to cancel your account during this window, and you’ve deposited by transferring in an existing Cash ISA from another provider or by moving money from a Moneybox ISA, you’ll have a few options for what happens next:
Your contributions can be withdrawn to your linked bank account
If you deposited by moving money from an existing Moneybox ISA, we can return your contributions to that ISA
If you transferred in an ISA from another provider, we can return the funds to them, providing they can accept the money back
The penalty charge for early withdrawals does not apply to 1 Year Fixed Rate ISA cancellations. You’ll receive back the money you paid in, and won’t receive any interest accrued.