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Withdrawing some money from ISA
Cuckooclock
Posts: 125 Forumite
We need some house maintanance & would like to withdraw some money from each of our ISA's. When is the best time to do this? Our interest for this year is not showing yet should we wait until it is?
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Cuckooclock wrote: »We need some house maintanance & would like to withdraw some money from each of our ISA's. When is the best time to do this? Our interest for this year is not showing yet should we wait until it is?
If your ISAs are instant access, you can withdraw some at any time you want. Interest will be credited on the due date. If you close the accounts and withdraw the lot, the interest due up to the date you close will be calculated and added for you to withdraw.
Check the T&Cs - if they are fixed rate/fixed term there will be penalties if you withdraw from them.0 -
Thanks Badger that answers my question.0
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