Withdrawl Santander fixed cash isa

Hi, I have £10k in the above, if i make a withdrawl of £1k will this affect the interest etc or is it allowed without penalty?
Thank you 

Comments

  • molerat
    molerat Posts: 34,241 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 12 May 2023 at 12:00PM
    Have you read the T&Cs ?

    Can I withdraw money?

    Partial withdrawals aren’t allowed. You can withdraw money from this account by closing it. There’s a penalty equivalent to 120 days' interest if you close the account early.

    https://www.santander.co.uk/personal/savings-and-investments/isas/2-year-fixed-rate-isa



  • ForumUser7
    ForumUser7 Posts: 2,373 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 12 May 2023 at 12:02PM
    You’ll have to share the term of the ISA (how many years), and an issue number or maturity date/opening date if you have one to get a useful response, to make sure we refer to relevant terms.

    Usually there will be a penalty, but this tends to increase based on how long the term is.
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
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