As a Fixed Rate ISA, the Tembo Fixed Rate Cash ISA is not designed to be an account where you can make as many withdrawals as you like. 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 access to your money, consider using our easy access Cash ISA. That way, you can have easy access to your money and make as many 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money from a Tembo Fixed Rate Cash ISA, but doing so will incur a charge equivalent to 90 days interest on the amount withdrawn.
To withdraw money from your Fixed Rate Cash ISA, you can initiate this via the Tembo app. Once withdrawn, the funds from your Tembo Fixed Rate Cash ISA will be paid to the UK current account linked to your Tembo account.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.