5 September, Thursday, 2024
No menu items!
HomeSourcesexpress.co.ukProvider launches new 'market-leading' Cash ISA with 'attractive' interest rate

Provider launches new ‘market-leading’ Cash ISA with ‘attractive’ interest rate

The new account is designed to encourage people to grow their savings tax-free Moneybox has launched a new market-leading Cash ISA, offering 4.65 percent AER (variable) on deposits of £500 or more. This new Cash ISA allows up to three withdrawals within each 12-month period from the date of account opening, without compromising the ‘attractive interest rate’. The Moneybox Cash ISA can be opened with a £500 deposit or by transferring an ISA from another provider. Up to £20,000 can be deposited each tax year, but this limit is shared between any other ISAs held (e.g. a Lifetime ISA, Stocks & Shares ISA, etc.). The Moneybox Cash ISA takes the leading spot in the easy access ISA market offering 4.65 percent. Moneybox has launched a new market-leading Cash ISA, offering 4.65 percent This new interest rate blows their competitor Cynergy Bank out of the water as they are offering 4.55 percent. With this easy access cash ISAs, there are no limits to the number of withdrawals that can be made. However, if people make four or more within the 12-month period, the interest rate will drop to 0.75 percent AER (variable) for the remainder of that period. The rate will drop to 3.8 percent after 12 months. Savers are urged to see if they can get a better interest rate on savings after base rate rises SUBSCRIBE Invalid email We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Funds withdrawn will be paid out on the next available working day. Charlie Mortimer, Co-Founder of Moneybox added: ‘The Moneybox Cash ISA complements our existing range of saving, investing, home buying, and retirement services, all delivered through one simple and easy-to-use app.’ Brian Byrnes, head of personal finance at Moneybox explained with current bank rates at their highest in over a decade, it has never been more important to make sure our money is working as hard as possible. Trending

RELATED ARTICLES

Most Popular

Recent Comments