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How do I withdraw money from my Fixed Rate Cash ISA?

Written by Anya Gair

As a Fixed Rate ISA, the Tembo Fixed Rate Cash ISA is not an easy access account. By depositing your money into this account you’re agreeing to lock away your money for 12 months to benefit from a fixed rate of interest for that period.

If you need easy access to your money, consider using our easy access Cash ISA. That way, you can make as many deposits and withdrawals as you like without incurring a charge.

You can withdraw money from a Tembo Fixed Rate Cash ISA, but doing so will incur a charge equivalent to 90 days interest on the amount you withdraw.

You can initiate a withdrawal from your Tembo Fixed Rate Cash ISA via the Tembo app. Once withdrawn, the funds from your account will be paid to the UK current account linked to your Tembo account. Please be aware, withdrawals may take up to 5 working days to be processed and that you must withdraw the full value from the Fixed Rate Cash ISA deposit you select.

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