The Moneybox Open Access Cash ISA is a Cash ISA offering an interest rate of 5.05% AER (variable), including a bonus rate of 1.05% 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 is calculated on a daily basis and is paid into your Cash ISA annually, on the anniversary of the date your ISA was first opened.
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.