A guide to closing your deposit account
Choose, Move, Close
When you are closing your current account, you may also have a deposit account that you need to close.
Find your deposit account in three easy steps:
If you don’t already have a deposit account elsewhere, you should look for an alternative provider before closing your account.
We have a number of different types of deposit that you may have, and how to go about moving your deposit is explained further down this page.
You should make sure you have any documents you might need before you close your account (e.g. statements, certificates of interest) as you may not have access to these after the account is closed.
We will apply any credit interest accrued up until the date of closure and all returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation the effective DIRT rate is 33%.
We have several different types of deposit account, and how you close those differs in some ways. We have explained how you can close these accounts below.
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