Selecting provider for 25/25 tax year cash ISA

xyz123

Hi-Couple of questions please.

1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop? I don't know if rate reduction notification is tied to notice period I. E. For 60 day notice account, they give you 60 day notice for rate reduction. 

2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.

Thanks 

lohr500

Both my children use Moneybox and have a range of their savings accounts including LISA's.
Neither has run into any problems and from what they tell me, Moneybox seem quick to respond with any queries.

Others may have a different view.

amanda1024

Moneybox has some quirks, and I haven’t had to contact customer service much. Their rates quickly drop off when you’re not a new customer anymore

Beddie

All the notice accounts I have looked at give you notice of any rate changes at least as long as the notice you have to give them. Check the terms, but that is usually the case, so you would not be stuck on a lower rate in a notice period.

35har1old

Beddie said:

All the notice accounts I have looked at give you notice of any rate changes at least as long as the notice you have to give them. Check the terms, but that is usually the case, so you would not be stuck on a lower rate in a notice period.

The current best rate notice account on MSE is a 45 day account which only gives you 30 days notice
Cynergy 120 day only gives you 14 days notice

kev1744

xyz123 said:

Hi-Couple of questions please.

1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop? I don't know if rate reduction notification is tied to notice period I. E. For 60 day notice account, they give you 60 day notice for rate reduction. 

2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.

Thanks 

i too was looking at the plum isa and was thinking of transfering in an isa from another provider. but on reading a bit further it seems plum only offer the higher rate to new money...so if you transfer in an isa you get a lower rate