Cash ISAs: The Best Currently Available List

pecunianonolet

CuparLad said:

I didn't go with MoneyBox because the funds aren't held by them, but deposited with other financial institutions. Since I wanted to keep within the FSCS limit and I was already close to the limit with one of their partner institutions, it ruled them out.

Moneybox is using a range of banks and none of them is raising any alarm bells if I am honest. Many building societies use other banks as underlying providers.

https://www.moneyboxapp.com/fscs-protection/

CuparLad

pecunianonolet said:

CuparLad said:

I didn't go with MoneyBox because the funds aren't held by them, but deposited with other financial institutions. Since I wanted to keep within the FSCS limit and I was already close to the limit with one of their partner institutions, it ruled them out.

Moneybox is using a range of banks and none of them is raising any alarm bells if I am honest. Many building societies use other banks as underlying providers.

My comment was not about raising concerns about any of the providers, merely pointing out that since I was already near the FSCS limit with one of their chosen providers, any funds deposited with them via MoneyBox would take me over the FSCS limit. Therefore, MoneyBox aren't an option for me.

pecunianonolet

CuparLad said:

pecunianonolet said:

CuparLad said:

I didn't go with MoneyBox because the funds aren't held by them, but deposited with other financial institutions. Since I wanted to keep within the FSCS limit and I was already close to the limit with one of their partner institutions, it ruled them out.

Moneybox is using a range of banks and none of them is raising any alarm bells if I am honest. Many building societies use other banks as underlying providers.

My comment was not about raising concerns about any of the providers, merely pointing out that since I was already near the FSCS limit with one of their chosen providers, any funds deposited with them via MoneyBox would take me over the FSCS limit. Therefore, MoneyBox aren't an option for me.

Sorry, looks like I misunderstood you and in that case you're absolutely right with your concern. 

drphila

pecunianonolet said:

Just seen in the app Moneybox offers £25 cashback for opening an ISA (Cash or Stocks and Shares ISA) and paying or transferring in at least £500 by 31st January. They say you get £50 if you open both types. An in progress transfer counts.

Debating to transfer some funds from the 5.05% Cash ISA with Coventry to get the £25 cashback and it's a higher rate too with 5.09%, although the interest difference hardly makes a difference, even on 20k

Anyone done it or has experience with Moneybox ISA and transfer? Worth the hassle?

Just had a quick look on the website and no mention of this offer so presumably I have to download and open the app to see it

pecunianonolet

drphila said:

pecunianonolet said:

Just seen in the app Moneybox offers £25 cashback for opening an ISA (Cash or Stocks and Shares ISA) and paying or transferring in at least £500 by 31st January. They say you get £50 if you open both types. An in progress transfer counts.

Debating to transfer some funds from the 5.05% Cash ISA with Coventry to get the £25 cashback and it's a higher rate too with 5.09%, although the interest difference hardly makes a difference, even on 20k

Anyone done it or has experience with Moneybox ISA and transfer? Worth the hassle?

Just had a quick look on the website and no mention of this offer so presumably I have to download and open the app to see it

Yes, it's in the app and also the whole terms. The below is what I get straight after log in.

doodlector

pecunianonolet said:

drphila said:

pecunianonolet said:

Just seen in the app Moneybox offers £25 cashback for opening an ISA (Cash or Stocks and Shares ISA) and paying or transferring in at least £500 by 31st January. They say you get £50 if you open both types. An in progress transfer counts.

Debating to transfer some funds from the 5.05% Cash ISA with Coventry to get the £25 cashback and it's a higher rate too with 5.09%, although the interest difference hardly makes a difference, even on 20k

Anyone done it or has experience with Moneybox ISA and transfer? Worth the hassle?

Just had a quick look on the website and no mention of this offer so presumably I have to download and open the app to see it

Yes, it's in the app and also the whole terms. The below is what I get straight after log in.

This may just be for existing customers?  I just signed on to the app and I have the option to open a cash ISA but no mention of cashback.

pecunianonolet

doodlector said:

pecunianonolet said:

drphila said:

pecunianonolet said:

Just seen in the app Moneybox offers £25 cashback for opening an ISA (Cash or Stocks and Shares ISA) and paying or transferring in at least £500 by 31st January. They say you get £50 if you open both types. An in progress transfer counts.

Debating to transfer some funds from the 5.05% Cash ISA with Coventry to get the £25 cashback and it's a higher rate too with 5.09%, although the interest difference hardly makes a difference, even on 20k

Anyone done it or has experience with Moneybox ISA and transfer? Worth the hassle?

Just had a quick look on the website and no mention of this offer so presumably I have to download and open the app to see it

Yes, it's in the app and also the whole terms. The below is what I get straight after log in.

This may just be for existing customers?  I just signed on to the app and I have the option to open a cash ISA but no mention of cashback.

Yes, looks like it is only for existing customers.

drphila

doodlector said:

pecunianonolet said:

drphila said:

pecunianonolet said:

Just seen in the app Moneybox offers £25 cashback for opening an ISA (Cash or Stocks and Shares ISA) and paying or transferring in at least £500 by 31st January. They say you get £50 if you open both types. An in progress transfer counts.

Debating to transfer some funds from the 5.05% Cash ISA with Coventry to get the £25 cashback and it's a higher rate too with 5.09%, although the interest difference hardly makes a difference, even on 20k

Anyone done it or has experience with Moneybox ISA and transfer? Worth the hassle?

Just had a quick look on the website and no mention of this offer so presumably I have to download and open the app to see it

Yes, it's in the app and also the whole terms. The below is what I get straight after log in.

This may just be for existing customers?  I just signed on to the app and I have the option to open a cash ISA but no mention of cashback.

Yes it's by invitation according to this but thanks for the initial heads-up @pecunianonolet

https://moneyweek.com/personal-finance/how-to-get-moneybox-cash-isa-plus-cashback

SirHugo

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On the Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

dali21

YeSirHugo said:

My Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 4 matured yesterday. It has now been switched to the Easy Access Cash ISA Exclusive Issue 2. I had an email about this on the 16th Jan which said this ISA pays a variable interest rate of 4.76% AER.

However in my app the ISA is showing a rate of just 4.25% AER (and also when I log in online on my Mac). On Virgin Money website the ISA is still advertised as 4.76% so I'm wondering what gives. I'll contact them in the morning, but has anyone else had this problem?

Yes this has happened to me too.  I already had an Easy access ISA issue 2 which shows a rate of 4.76%.  However, my fixed rate ISA was transferred to a new easy access ISA issue 2 and that has the rate of 4.25%.

Will be interested in what explanation VM will give you.