Can I withdraw from a fixed rate cash isa? Rates not what they used to be…
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Written on: 19.12.2009 [13:21]
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Stephanie
Stephanie
Topic creator
Posts: 6
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I wanted to know whether I can withdraw from a fixed rate cash ISA? Rates just seem to be way too low and I am not getting much from it, so I am hoping to invest the money elsewhere. Is this possible? |
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Written on: 26.12.2009 [01:42]
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ray
Ray
Posts: 1
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Well although it is possible to withdraw money from a fixed rate cash ISA, I would not suggest it. Buy withdrawing from a cash isa you end up losing all the tax benefits. The way I would do it is orgnaise a transfer, that way you can find a better rate and you don’t lose the benefits. Also if you have a fixed rate cash isa from the previous tax year you are able to split the funds and put them in to different accounts. |
| Also very interesting: | |
