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Moneybox LISA 1.1%

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  • Oasis1
    Oasis1 Posts: 737 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    gd55 said:
    Another increase for the Moneybox LISA today. 

    The interest rate on your Cash Lifetime ISA has just increased to 3.35% AER* variable. That's a base rate increase to 2.75%, plus your existing fixed one year bonus rate of 0.6%. This rate is increasing from today.

    I'm super jealous.
  • dcs34
    dcs34 Posts: 655 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    gd55 said:
    Another increase for the Moneybox LISA today. 

    The interest rate on your Cash Lifetime ISA has just increased to 3.35% AER* variable. That's a base rate increase to 2.75%, plus your existing fixed one year bonus rate of 0.6%. This rate is increasing from today.
    Opened mine last week with a 0.5% bonus, so now 3.25%.

    For new customers the bonus is 0.25% leading to a total of 3%.
  • MrFrugalFever
    MrFrugalFever Posts: 1,301 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Had the confirmation email today. I had been holding off dumping £4k in to it because of the interest rates but now they’ve increased it to over 3%, with the extra 25% bonus return it’s a no brainier for me.
    If you believe you can, you will. If you believe you can't, you won't.

    Secured/Unsecured loans x 1 
    Credit Cards x 8 (total limit £55,050)
    Creation FS Retail Account x 1
    Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
    0% Overdraft x 1 (£0 / £250)
    Mortgage Outstanding - £137,707.00 (Payment 13/360)
    Total Debt = £7,400 (0%APR) @ £100pm - Stoozing

  • smipsy
    smipsy Posts: 219 Forumite
    Seventh Anniversary 100 Posts Combo Breaker
    I have two LISAs with Moneybox, and they're currently on 1.51%. Are only some people getting it upgraded to 2.75%, or is it slowly being rolled out to anyone? Not that it makes much difference, but with 2x15k in two LISAs, I'd rather have it at 2.75%!
  • MDMD
    MDMD Posts: 1,554 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    smipsy said:
    I have two LISAs with Moneybox, and they're currently on 1.51%. Are only some people getting it upgraded to 2.75%, or is it slowly being rolled out to anyone? Not that it makes much difference, but with 2x15k in two LISAs, I'd rather have it at 2.75%!
    Only some people get it and it depends on when you opened the account and which bank is behind it. Mine is also at 1.51%.

    https://www.moneyboxapp.com/faqs/who-is-the-partner-bank-for-my-cash-lifetime-isa/

    I don’t believe it’s possible to transfer between them as Moneybox don’t permit LISA transfers.
  • jimmynoton
    jimmynoton Posts: 16 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Has your rate gone up today? Mine hasn't.
  • alternate
    alternate Posts: 715 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    jimmynoton said:
    Has your rate gone up today? Mine hasn't.
    The rate didn't go up - only the bonus.  So you would have to have opened the account from today.
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