In the event of your death, we will transfer savings held solely in your name to your executor or administrator. They will have the choice to receive the savings immediately, or let the account run for its contractual period and be released at the end of the fixed term or the expiry of any notice period. In either case, grant of probate/letters of administration will be required before funds can be released.
If you hold a Cash ISA with us, tax will be paid at the applicable rate from the date of death and your account balance will be paid to your executors/administrators prior to the expiry of any applicable notice period or the end of any fixed term, provided that we receive grant of probate or letters of administration from your executors or personal representatives.
You can find out more information on in our by looking at the bereavement pack in our savings documentation.