Skip to main content
Withdraw from Cash ISA
Updated this week

To withdraw money from Cash ISA, you need to follow the steps below:

  1. Tap the Pockets tile on your home screen

  2. Select the Cash ISA

  3. Tap on the Withdrawal button

  4. Choose the amount you want to withdraw and tap on Continue


Cash ISA - Withdrawal Timeframes

Withdrawals from Cash ISA are not instant. They will take 1 business day to be completed. 

  • When requesting an interest withdrawal before 15:00 UK time on business days, it will be completed by the end of the same day.

  • When requested after 15:00 UK time on business days or during weekends, it will be completed by the end of the next business day.

The money is going to your Primary Pocket, where you can make a withdrawal to your bank.


Cash ISA - Withdrawal Limitations

Withdrawing from Cash ISA has some limitations that you need to be aware of.

  1. If your balance falls below £100, the interest rate for your Cash ISA will decrease. Once you top up your Cash ISA balance to £100 or more, your higher interest rate will be restored.

  2. You can make up to 3 withdrawals. The interest rate for your Cash ISA will be decreased if you make 4 or more for the remainder of the year.

  3. Interest is credited on the last business day of the following month. For example, December's interest is credited on January 31. If you withdraw your funds fully in January, December's interest will still be credited on January 31, but you will forfeit January's interest.

After the first year from opening your Cash ISA, you'll be able to make withdrawals without these limitations.

Did this answer your question?