Switching T212 to Moneybox questions

Ponchos
Ponchos Posts: 684 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
edited 30 April at 6:37PM in Savings & investments
Hi all,

I currently have a Trading 212 Cash ISA containing some money from last year and some from this year, with the maximum allowance for this year not yet fully filled. The rate drops to 4.35% tomorrow and they're adamant the bonus rate is only for new customers (as expected, but if don't ask you dont get). Thinking of switching to Moneybox Open Access Cash ISA for the boosted 5.05% rate but a couple of small questions; are there any fees from either T212 or Moneybox for switching an ISA? Also if I switch the account, will I still keep the rest of this year's allowance, as in, the switch wont use up this allowance? What are people's thoughts about Moneybox? I understand they're pretty good, my only hesitation is that theirs is not a flexible ISA whereas T212s is.

Sorry if these seem like basic questions but I'm fairly new to ISAs and haven't switched one before so just looking for some advice and answers. TIA.

Comments

  • Beddie
    Beddie Posts: 973 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    No fees for switching.
    Yes, you still keep the rest of this year's allowance.
    Moneybox are fine, lots of us use them.


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