Moneybox ISA rates

Ponchos

I opened a Moneybox Open Access Cash ISA a couple of months ago with an intro offer of 4% base rate with 0.82% bonus for a year. since then the base rate dropped to 3.75%, which is what still shows on my account. However looking at the current offer Moneybox seems to have a base rate of 3.95% with a 0.7% bonus, giving a combined rate of 4.65%, which my combined rate is 4.57%. I know the 0.05% different is not much, and that ISA providers are usually quick to drop their rates and slow to raise them, but has anyone seen their base rate get increased lately, or has anyone asked for and received a base rate increase? The difference as I say isn't really an issue at the moment, but the higher base rate with my current higher (fixed for a year) intro rate of 0.82%  would be a bit sweeter going forward. Is it worth asking or are Moneybox likely to just tell me to do one?

TIA

Middle_of_the_Road

Ponchos said:

I opened a Moneybox Open Access Cash ISA a couple of months ago with an intro offer of 4% base rate with 0.82% bonus for a year. since then the base rate dropped to 3.75%, which is what still shows on my account. However looking at the current offer Moneybox seems to have a base rate of 3.95% with a 0.7% bonus, giving a combined rate of 4.65%, which my combined rate is 4.57%. I know the 0.05% different is not much, and that ISA providers are usually quick to drop their rates and slow to raise them, but has anyone seen their base rate get increased lately, or has anyone asked for and received a base rate increase? The difference as I say isn't really an issue at the moment, but the higher base rate with my current higher (fixed for a year) intro rate of 0.82%  would be a bit sweeter going forward. Is it worth asking or are Moneybox likely to just tell me to do one?

TIA

They won't do it. We're stuck with the deal available at signing up. As it's a variable account, if the base rate were to increase, you would expect your rate to reflect this, and therefore increase.

slinger2

I'm confused. This: https://www.moneyboxapp.com/open-access-cash-isa/ says

Earn 4.45% AER (variable) with the Moneybox Open Access Cash ISA

allegro120

slinger2 said:

I'm confused. This: https://www.moneyboxapp.com/open-access-cash-isa/ says

Earn 4.45% AER (variable) with the Moneybox Open Access Cash ISA

Everyone has their own rates with MB ISA. Mine is currently 4.5% (recently dropped from 4.75%). 

daz378

Yea I opened a cash isa..in April moved 1k from my s&s isa ..when I got spooked by the market drop...initially offered 5.46%..the bonus drops away soon to 3.95%.. and its limited withdrawals...though no plans to withdraw anyway

VNX

Transferred Chip to Moneybox this week as my chip rate dropped to about 4pc

Am getting 4.45 no strings.

transfer took just 24hours 

slinger2

Worth noting that Moneybox Cash ISAs are not flexible.

New customers can get 4.65% ("Up to 3 withdrawals every 12 months without impacting your rate") or 4.45% (Open Access Cash ISA)