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MoneyFarm cash ISA

This provider was on MSE best rate variable rate ISA last week but hasn’t appeared this week I was wondering if anyone has had any dealings with this investment company[ I am calling it this as from all I have read it is not a bank ] It is covered by the FSCS and has a good rate of 4.42%’

Comments

  • El_Torro
    El_Torro Posts: 2,032 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The important thing is that it is covered by the FSCS. Worth checking this is true rather than just believing their claim, though if MSE have recommended it I imagine that the due diligence has been done. 

    Some people have a preference for big high street names rather than just an institution covered by the FSCS. You're protected either way though.

    Make sure you are happy with the limitations of this account. A quick look at the website shows that if you withdraw more than 3 times a year this will affect the interest rate you get.
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