Some savings accounts can be closed online – this is more likely if the interest is paid monthly and the account is easy access. If you’re trying to close a regular saver or a fixed term account early instead, you may have to go to a branch or contact the bank’s customer service....
As you can see, there are lots of little details and exceptions, but… If you’re using savings bonds as a short-term cash reserve or otherwise have another good place for the money, then it’s probably best to sell your 0% fixed rate bonds and re-invest in alternatives. However, if...
Finally, if you’re worried about not being able to access your savings, then it’s probably best to go for an instant access or easy access account. You may get higher rates with a fixed-rate bond, but your money will be locked away for the duration of the term and you won’t be...