Earn 5.05% AER (variable) with the Moneybox Open Access Cash ISA

Open Access Cash ISA

Higher Interest Rate (including a bonus interest rate of 1.05% AER for 12 months): 5.05% AER (variable) if you maintain a balance of £500 or more.

Higher Interest Rate (after 12 months): 4.00% AER (variable) if you maintain a balance of £500 or more.

Lower Interest Rate: 0.75% AER (variable) if your balance is below £500, the lower interest rate will be applied for as long as your balance remains below £500

Interest is accrued daily. Interest accrued due to the underlying interest rate is paid annually on the product anniversary, rounded down to the nearest penny.

The bonus interest rate will be paid for 365 days (or 366 days in a leap year) from the day you open your first Open Access Cash ISA.

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 Open Access Cash ISA balance is below £500

Estimated balance after 12 months (higher interest rate of 5.05% inclusive of 1.05% bonus interest rate): £1,050.50

This assumes that:

• The account is opened with £1,000 deposit.
• No further deposits or withdrawals are made.
• The interest rate stays the same for the full 12 months.

Estimated balance after 12 months (lower interest rate of 0.75%): £493.80

This assumes that:

• The account is opened with £1,000 deposit, initially accruing interest at the higher rate.
• A subsequent withdrawal of £510.00 is made on the second day of opening the account, triggering the lower rate of interest.
• Your interest rate will change to the lower interest rate exclusive of any bonus interest rate if your Open Access Cash ISA balance is below £500.
• The account has unlimited withdrawals.

Estimated balance after 24 months (higher interest rate of 5.05% (including 1.05% bonus interest rate) applying for the first 12 months and then higher interest rate of 4.00% applying for the subsequent 12 months): £1,092.51

This assumes that:

• The account is opened with a £1,000 deposit.
• No further deposits or withdrawals are made.
• The higher interest rate stays the same for the full 24 months.

Estimated balance after 24 months (lower interest rate of 0.75%): £497.50

This assumes that:

• The account is opened with a £1,000 deposit, initially accruing interest at the higher rate.
• A subsequent withdrawal of £510.00 is made on the second day of opening the account, triggering the lower rate of interest and no further deposits or withdrawals are made.
• Your interest rate will change to the lower interest rate exclusive of any bonus interest rate if your Open Access Cash ISA balance is below £500.
• The account has unlimited withdrawals

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

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

Your Open Access Cash ISA account opening date will be 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 only have one Moneybox Cash ISA account open at this time.

You can withdraw from your Open Access 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 Open Access Cash ISA or withdraw part of the balance.

The account has unlimited next-day withdrawals without impacting your rate.

This is not a flexible ISA, meaning any withdrawals you make will still count towards your annual ISA allowance and cannot be replaced in the same year.

The ISA is a government savings scheme and the rules, including tax benefits, could change in the future.

Interest is paid tax-free. This means that you do not pay income tax on the interest earned in the Open Access Cash ISA.