Moneybox paying 3% on stocks and shares isa 5 December 2022 at 4:14PM in Savings & investments 7 replies 687 views

daz378

I've got just over 1000 pound in and add about 60 pound a month...just an heads up if this is useful  to anyone....I means it's down about 25 pound but every little helps,  I'm saving over 5 year plus time frame...any other banks/apps  offering this?

eskbanker

What do you mean by 'paying 3% on S&S ISA', is this some sort of joining incentive?

daz378

Maybe I just received it as an email update

daz378

Tried to post the email, but wouldn't let me,  its info on my existing  stocks and shares isa 

MikeJXE

It appears you get 3% on any funds lying in your money box account before you invest them 

eskbanker

MikeJXE said:

It appears you get 3% on any funds lying in your money box account before you invest them 

Yes, found this on the website now, at https://www.moneyboxapp.com/isa/

you’ll earn 3% AER (variable) on any money you hold as cash in your Moneybox Stocks & Shares ISA before investing it

charlie12525

Wondered if I could credit this and leave it in cash for 3% interest.
But I see they have a platform fee...

Platform fee:

0.45% of the value of your investments per year.

Could not see if that was applied to cash in the account.

tunde10

That pretty good. Any idea what percentage Vanguard pay?

I have £50k or so waiting to be transferred to a cash ISA. I was pleasantly surprised when i received £45 interest after having a balance of £34k for 4 days and £51k for remaining 9 days in November. I didn't realise i would get anything.