Savings accounts

What happens when I want to withdraw from my savings account?

You can request withdrawals for our Simple Saver and Notice Accounts in the app by heading to Settings > Withdraw. For our 1 Year Fixed Rate, please note that you can only withdraw money on the access date shown in the app. Further information on withdrawing from a Fixed Rate product can be found here.

For the Simple Saver, we’ll send your funds to your bank account on the next available working day after your withdrawal is requested in-app.

For Notice Accounts, once you initiate a withdrawal, the amount requested continues to earn interest over the notice period. We’ll then send your withdrawal back to your linked bank account on the next available working day after the notice period has ended.

You’ll receive an email to confirm your withdrawal is complete, and the funds typically arrive in your bank account by the end of the working day.

You can have multiple withdrawals in progress at once, and you can track the progress of each withdrawal in Wealth > Select account > Activity > In progress.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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