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Moneybox cash isa

Spidergirluk · 2024-04-16 16:08:27

I opened a cash ISA with Moneybox just before the new financial year but the interest is not protected by the FSCS until it’s paid out on my one year anniversary. Moneybox say they'd be liable if they went under but will they or the FSCS cover the rest of the funds which are sitting the holding banks? If they go under they…

Comments

friolento Posts: 3,021 Forumite

16 April 2024 at 9:36PM

masonic said:

That's not a good look. I haven't read through the T&C, is it mentioned there at all? It is not something that should be presented to customers only after they've opened the account.

Agree, not a good look at all. There are a bewildering number of terms about interest, none of which I have found state that interest is not FSCS protected.

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