The Top Easy Access Savings Discussion Area

friolento

so it is. Thank you

pokemaster

friolento said:

Moneybox Simple Saver

Reward Rate 5% AER

1 withdrawal per month

Deposits can be made by Direct Debit (min £2 per week)

You will earn the reward rate if you either: have a balance above £0 in a qualifying Moneybox account, which includes: Cash ISA, Stocks & Shares ISA, Lifetime ISA**, Junior ISA, Personal Pension, or; have a Reward Savings Account that hasn’t been cancelled.

I doubt this account is FSCS protected as it is provided by Santander International, which is registered in the Channel Islands. Does anyone know for certain? Seems to be covered. Thank you @csw5780

How does the reward rate get added? mine is currently at 4%

friolento

It appears you get it as soon as your balance in a pre req account is >£0. I deposited into a new ISA today and the Simple Saver instantly showed 5%

pokemaster

oh right so I have to have an additional account with them like an ISA to activate the reward rate

ab56

Re Moneybox in posts above - mentions 'Reward Savings Account' can activate the reward rate.  I cannot see this account mentioned in their available accounts.  Does anyone know if the notice accounts come under this description?  Thank you

Middle_of_the_Road

The reward element is applied to the simple saver account if you open another qualifying account.

friolento

ab56 said:

Re Moneybox in posts above - mentions 'Reward Savings Account' can activate the reward rate.  I cannot see this account mentioned in their available accounts.  Does anyone know if the notice accounts come under this description?  Thank you

It's called the Simple Saver https://www.moneyboxapp.com/simple-saver

soulsaver

Note Moneybox is not a UK bank, it's another aggregator.

Where your not-so 'Simple Saver' funds are apparently held, Santander International (eventually) is also not a UK Bank. 

So it's not clear to me that my funds would be covered by FSCS depositor protection - never mind my usual gripe with these enterprises, 100% of the time.

jameseonline

soulsaver said:

Note Moneybox is not a UK bank, it's another aggregator.

Where your not-so 'Simple Saver' funds are apparently held, Santander International (eventually) is also not a UK Bank. 

So it's not clear to me that my funds would be covered by FSCS depositor protection - never mind my usual gripe with these enterprises, 100% of the time.

Not another Santander thing🤣

Santander Edge. (Current account applied for)
Cahoot. (Applied & accepted for straight away today)
This.

Anything else Santander related I've not seen? 🤔😁

TheBanker

soulsaver said:

Note Moneybox is not a UK bank, it's another aggregator.

Where your not-so 'Simple Saver' funds are apparently held, Santander International (eventually) is also not a UK Bank. 

So it's not clear to me that my funds would be covered by FSCS depositor protection - never mind my usual gripe with these enterprises, 100% of the time.

Check the FCA or FSCS websites. Santander International is a trading name of Santander Financial Services plc, FCA registration number 146003. This firm is authorised and regulated by the PRA/FCA. Deposits are protected by the FSCS, if (and only if) they are held with a UK branch. 

If deposits are held with their branches in Jersey or the Isle of Man then protection is provided by the local deposit protection scheme instead.

DYOR etc.