To withdraw money from Cash ISA, you need to follow the steps below:
Tap the Pockets tile on your home screen
Select the Cash ISA
Tap on the Withdrawal button
Choose the amount you want to withdraw and tap on Continue
Cash ISA - Withdrawal Timeframes
It's important to understand that the withdrawals from Cash ISA are not instant. The withdrawal process takes 1 business day to be completed due to various technical processes that need to be performed.
When requesting an interest withdrawal before 15:00 UK time on business days, it will be completed the same day, by the end of the day.
When requesting after 15:00 UK time on business days or during weekends, it will be completed the next business day, by the end of the day.
The money is going to your Primary Pocket first. Then 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.
If your balance falls below £100 due to depositing less money or withdrawing funds, the interest rate for your Cash ISA will decrease. However, once you top up your Cash ISA with additional funds, you'll regain eligibility for a higher interest rate.
You are advised to make up to 3 withdrawals per year. Otherwise, the interest rate for your Cash ISA will be decreased.
You are advised to withdraw money only after the interest has been credited to your Cash ISA account. If the interest is not credited and you try to withdraw your money, the interest for the amount withdrawn will be lost for that month. The interest is credited on the last business day of the following month.