The Moneybox Open Access Cash ISA is a Cash ISA offering an interest rate of 4% AER (variable), including a bonus rate of 0.25% for the first 12 months.
The account can be managed via our website or mobile app, and has a minimum first deposit of £500. You can pay in up to £20,000 per tax year, and this limit is shared between any other ISAs or Lifetime ISAs you hold. Any interest you earn is completely tax free.
Interest on both Cash ISAs is calculated daily and paid out on the first of each month.
A lower interest rate of 0.75% AER (variable) applies whenever your account balance is less than £500, and you’ll temporarily lose the bonus rate until your balance increases to £500 or more. Unlike our Cash ISA, there are no restrictions on the number of withdrawals you can make.