No, this account doesn’t allow part withdrawals. Withdrawing the whole amount
will close the account, which will result in loss of interest.
If you do close the account early you’ll be charged an early access charge. The amount
charged will depend on the term of the Fixed Rate ISA. This will be equivalent to the
number of days interest accrued at the current rate of your Fixed Rate ISA as detailed in
the table below.
||Early access charge
|1 Year Fixed Rate ISA
||90 days interest
|2 Year Fixed Rate ISA
||180 days interest
If there is insufficient earned interest to cover the early access charge then
the charge will be taken from the funds in the account. The funds 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 ISA will mature into a Fixed Term ISA Maturity
account, giving instant access to your money. Part withdrawals of a Fixed Term ISA
Maturity account are only permitted through our Internet Bank. If you want to take
money out in a branch, the account must be closed or all of the funds in the account
transferred to another account. We’ll contact you before your ISA matures with
more information. Alternatively you can choose to transfer your balance to another
Nationwide account, held in either your name or a third party’s name(s).