4.75% AER (variable)*. Grow your savings with confidence, with the Moneybox Cash ISA.

Moneybox Cash ISA

Introductory rate of 4.75% AER (variable) including an additional 1.30% AER bonus interest rate for 12 months

Underlying rate of 3.45% AER (variable)

This assumes you make fewer than four withdrawals within each 12 month period from the date of opening your Cash ISA; and maintain a balance of £500 or more.

Interest is calculated daily on cleared balances and earned but unpaid interest. Your interest will be paid monthly.

You may receive an introductory bonus interest rate for a limited period from account opening. Where applicable:

• This bonus interest rate is added to the underlying interest rate to produce a higher headline rate displayed in the app.

Bonus eligibility is determined when you open your Cash ISA account and is not applied retrospectively.

The bonus interest rate:

• is fixed

• may be withdrawn if conditions are not met

• expires after 12 months from account opening

After expiry, all balances in your Cash ISA earn the underlying interest rate.

• Yes – the underlying interest rate is variable, so it can go up or down.

• We will inform you as soon as possible of any change to the interest rate.

• Your interest rate will also change to the lower interest rate exclusive of any bonus interest rate if:

  • Your Cash ISA balance is below £500; or

  • You make four or more withdrawals from your Cash ISA account within each 12 month period from the date of opening your Cash ISA.

• You’ll receive the lower rate exclusive of any bonus interest rate for the rest of that period after you’ve made four or more withdrawals.

Estimated balance after 12 months: £1,047.50 (for introductory rate including bonus rate)

Estimated balance after 12 months: £1,034.50 (for underlying rate)

This assumes that:

• The account is opened with £1,000 deposit

• No further deposits or withdrawals are made.

• The product interest rate(s) stays the same for the full 12 months.

• The account is available to UK residents aged 18 or over.

• You may only open and manage the account via the Moneybox app or Moneybox website.

• At Moneybox, we define your Cash ISA account opening date as the date you open your product.

• You can transfer in existing ISAs or make contributions up to £20,000 in total each tax year.

• Joint accounts are not allowed.

You can withdraw from your Cash ISA at any time to your linked UK bank account in your name either as sole or joint account holder.

You can either withdraw the full balance held in your Cash ISA or withdraw part of the balance.

Please note that if you make four or more withdrawals within each 12 month period from the date of opening your Cash ISA, this will impact the interest applicable to your account. You’ll receive the lower rate exclusive of any bonus interest rate for the rest of that period after you’ve made four or more withdrawals. The number of withdrawals you can make without impacting your rate will reset yearly on the date you opened your account.

You pay money in, up to £20,000 across all your ISAs each tax year, and earn interest free from UK income tax. With the Moneybox Cash ISA, interest is calculated daily and paid monthly. You can open it from £500.

A Cash ISA keeps your savings interest free from UK income tax, which can matter if you've used up your Personal Savings Allowance. Whether it suits you depends on your circumstances. We don't offer financial advice, so seek independent advice if needed.

Both pay interest, but a Cash ISA's interest is free from UK income tax, while a standard savings account's interest counts towards your Personal Savings Allowance. A Cash ISA has a £20,000 annual allowance across all your ISAs. Tax treatment depends on individual circumstances and may be subject to change in the future. Read more about the differences in our guide Cash ISA vs savings accounts.

You can hold as many ISAs as you like across different providers. Since 6th April 2024, you can pay into more than one ISA of the same type in the same tax year. Your total payments across all of them must stay within your £20,000 ISA allowance.

Yes. You can pay into a Cash ISA and a Stocks and Shares ISA in the same tax year, as long as your combined payments stay within the £20,000 allowance. You choose how to split it between them. When investing, capital at risk. ISA and tax rules apply. Read more about Cash ISAs vs Stocks & Shares ISAs in our guide.