It takes up to two business days for your matured funds to return to your Transaction Account due to the transfer methods used. When your Fixed Rate Bond matures, your matured funds, including your original deposit and any interest or profit that you’ve accrued, will either transfer directly to your Transaction Account from a partner bank, or your funds will transfer to your Transaction Account from a partner bank via Meteor Asset Management (our deposit administrator).
Please note that in the case that your funds mature on a bank holiday or at the weekend, your funds will not leave the partner bank until the next business day.
Please be aware that at no time does Raisin UK have access to your funds and in no way does Raisin UK profit from the time it takes for your funds to transfer from a partner bank to your Transaction Account upon the maturity of a Fixed Rate Bond.