Moneybox launches 95 day notice account @ 1.65%

1Foz

Interesting product and Moneybox's first traditional savings account, that allows people of even the smallest amounts of cash to bag a (variable) interest rate that is currently 1.65%. Obviously quite how long that will last time will tell.

See here > https://www.altfi.com/article/5706_investec-joins-forces-with-moneybox-for-95-day-savings-account.
and here > https://specialistbanking.co.uk/article-desc-7138_Moneybox%20and%20Investec%20team%20up%20to%20launch%2095-day%20notice%20account

OakNorth offers a similar product to this one @ slightly higher rate of 1.77%. That's pretty much the market leading notice product (for smaller investments), though there are better rates available if you have a sizeable chunk more to put away (1.85% from Investec, for example).

To find the MoneyBox 95 day notice account, download the MoneyBox app, signup, select accounts, then savings accounts and cycle through the pages thereafter.

BigBlueSky

1Foz wrote: »

though there are better rates available if you have a sizeable chunk more to put away (1.85% from Investec, for example).

What is the 1.85% Investec account you refer to? - I can't find it on their website.

Thanks

Ifts

BigBlueSky wrote: »

What is the 1.85% Investec account you refer to? - I can't find it on their website.

Was it the Investec - Notice Plus Account you were looking for?

Uxb1

1Foz wrote: »

OakNorth offers a similar product to this one @ slightly higher rate of 1.77%. That's pretty much the market leading notice product (for smaller investments), though there are better rates available if you have a sizeable chunk more to put away (1.85% from Investec, for example).

I looked at Oaknorth today to see and find that when you try an apply of any of their savings offerings the screen opens in a new tab and goes blank.
Same thing on different browsers and no matter what type of account you are applying for.

18cc

Charter Savings Bank offer 1.81 on amounts over £5,000

Stompa

Uxb1 wrote: »

I looked at Oaknorth today to see and find that when you try an apply of any of their savings offerings the screen opens in a new tab and goes blank.
Same thing on different browsers and no matter what type of account you are applying for.

It appears to work OK for me.

BigBlueSky

Ifts wrote: »

Was it the Investec - Notice Plus Account you were looking for?

That is what I thought but they are not showing a 1.85% rate that I can see.

Stompa

BigBlueSky wrote: »

That is what I thought but they are not showing a 1.85% rate that I can see.

Well it says 1.80%, but also "Loyalty rate reward
Earn an additional 0.05% AER* when you don't place notice for 90 days".

18cc

Loyalty really pays doesnt it...

bowlhead99

18cc wrote: »

Loyalty really pays doesnt it...

Literally, yes.

1Foz

BigBlueSky wrote: »

What is the 1.85% Investec account you refer to? - I can't find it on their website.

Thanks

It was on this list : https://www.money.co.uk/savings-accounts/notice-savings.htm

I guess others above are correct about it actually being 1.8% plus 0.05% for not withdrawing. 1.85% for a halfway house kind of access, but I reckon if you've got 10 grand, I'd split it with 50% in the Atom Bank 2% fixed and the other half in a 1.5% Marcus account...or this MoneyBox 1.65% one.

By the way guys, since I moved my lifetime ISA to MoneyBox I've got to say the customer service has been absolutely fantastic. I've had dialogue during the process, and response to my questions within a few hours.

One other thing worth mentioning about that 95 day notice account with MoneyBox is it pulling from a Direct Debit, so its handy for anyone that might be in need of another DD for a current account requirement. Given the rate offered, and the fact that you can invest with denominations starting from £1, its definitely worth considering, at least to replace one of your other DDs.

More info on the MoneyBox website here : https://www.moneyboxapp.com/faqs/what-is-the-95-day-notice-account-and-how-does-it-work/