Account closure fee on fixed rate saver

Hello, I stupidly invested in a fixed rate savings account and have been earning interest on it for a few months. However I need the money earlier than I thought and have to close the account. This means I'll be charged a fee equal to the first 90 days' interest. Will I still have to pay tax on this interest even though I'm giving it back to the bank? Or can I deduct the fee for tax purposes? I will be over my personal savings allowance. Thanks

Hi Ollie31415,

Yes you will need to declare the interest received and if over the personal savings allowance it will be taxable.
You cannot deduct the fee as an expense.

Thank you.