Moneybox offers three different Cash ISAs. If you aren’t sure which account is right for you, here’s a summary of each to help you decide:
Cash ISA has an interest rate of 4.53% AER (variable), made up of an underlying rate of 3.45% and a bonus interest rate of 1.08% for the first 12 months. You’ll earn a lower interest rate of 0.75% AER (variable) if your balance falls below £500, or if you withdraw four or more times within the 12-month period from the date of opening your Cash ISA. The number of withdrawals you can make without impacting your rate will reset yearly on the date you opened your Cash ISA.
Our Open Access Cash ISA offers an interest rate of 4.50% AER (variable), made up of an underlying rate of 3.25% and a bonus interest rate of 1.25% for your first year. There are no restrictions on the number of withdrawals you can make, so you can withdraw as many times as you need without impacting your interest rate.
You can check if you’ll earn bonus interest on money transferred from another ISA into your Cash ISA or Open Access Cash ISA by heading to Wealth > Cash ISA/Open Access Cash ISA > More > Transfer in.
Our 1 Year Fixed Rate ISA is powered by Aldermore and currently offers a fixed interest rate of 4.50% for one year. There’s no minimum deposit, and money that you add during a funding window is saved into Vaults – each Vault has its own access date, which is the date you can access your money. At the moment, this account is available via our app.
Please note that we do not offer personal financial advice or make specific recommendations based on your individual circumstances. If needed, seek independent financial advice before making decisions regarding your financial goals.