You can request a withdrawal from your Cash ISA/Open Access Cash ISA at any time in Settings > Withdraw. Once your withdrawal is requested, the money will be sent to your linked bank account on the next available working day, typically by 6pm. If you make a full withdrawal, we’ll prepay any interest you have earned to date.
Note that only completed deposits will be available for withdrawal. You can check the status of any in-flight deposits in Wealth > Select account > Activity.
It’s also worth noting that if your balance dips below £500, a lower interest rate of 0.75% AER (variable) will apply. You’ll earn the higher rate again once your balance increases to £500 or more.
For the Cash ISA only, if you withdraw four or more times within each 12-month period from the date of opening your Cash ISA, you’ll receive the lower rate for the rest of that period. The number of withdrawals you can make without impacting your rate will reset yearly on the date you opened your Cash ISA.
Moneybox does not currently offer a flexible ISA, so ISA withdrawals do not reset your £20,000 contribution allowance for the tax year.