Once your savings account matures, if you have not chosen to renew your savings product, your original deposit and any interest or profit that you’ve accrued will be returned to your Raisin UK Account. From there, you can either withdraw your money to your bank or building society account, or order your next savings product from our marketplace.
Please note that it can take up to two business days after maturity for funds to transfer to your Raisin UK Account.
Please be aware that if you registered with Raisin prior to 19th November 2018 and chose not to opt-in to the new Raisin UK Account; when your fixed rate bond savings accounts mature, your money will be withdrawn and deposited directly into your nominated bank account.
Matured Funds / Pending Applications
Please note, if you have a pending savings account application (i.e, you haven’t yet transferred all of the funds to meet the ordered amount), and your matured funds meet or exceed the ordered amount, these funds will be automatically allocated to the pending savings account and it will be opened.
Therefore, if you do not wish to use your matured funds to open your pending savings account, then you should cancel the savings account application. The savings account cannot be cancelled once the funds have already been automatically allocated.