The Moneybox Cash ISA includes a 3.45% AER variable underlying rate and a bonus rate of 1.20% for the first 12 months (bonus only applicable to new ISA deposits. ISA transfers in receive the underlying rate only)
Why we like it
Up to three withdrawals can be made within each 12-month period from the date of opening without affecting the interest rate. Customers can transfer in any ISAs they hold with other providers into a Moneybox Cash ISA, on web and in-app. If more than three withdrawals made within each 12-month period, a lower rate of 0.75% (variable) will be applied for the rest of that 12-month period. The lower interest rate of 0.75% will also apply if the account balance dips below £500, automatically returning to the higher interest rate when the balance returns to £500 or more again. Covered by FSCS
Includes a 2.54% AER variable underlying rate and a bonus rate of 2.06% for 12 months
Why we like it
Transfer in any ISAs you hold with other providers. Interest rates drop if more than three withdrawals per year. Rate when you transfer in your existing ISA - 2.54% AER (variable). Rate for each 12-month period after your first 3 months -2.54% AER (variable). Rate when balance drops below £100 or after your fourth annual withdrawal - 2.54% AER (variable). Covered by FSCS
New deposits between £1 and £20,000. ISA transfers in also allowed. Open and manage online or on mobile banking app. FSCS Protected. After 12 months, your account will switch to an Instant Access Cash ISA and receive the standard variable rate. Withdrawals permitted subject to 90 days lost interest
Ford Money now offer a range of financial products that can help you achieve your savings goals.
Features of the Ford Instant Access ISA
An Instant Access ISA with Ford Money allows you to get the most out of your savings by utilising the tax-free benefits of an ISA.
If you choose to open a Ford Money Instant Access ISA you will receive a competitive rate of interest. Find our savings rates table above forthe latest interest rate deals.
An Instant Access ISA has the benefits of an ISA along with the flexibility of an instant cash savings account. With an Instant Access ISA there is no limit to how many times you can make a withdrawal from the account. In addition, as long as you replace the savings that you withdraw within the same tax year it will not count towards your annual ISA allowance.
In order to open an Instant Access ISA with Ford Money you will need to make a deposit of at least £1 within the first 14 calendar days. Ford Money require all Instant Access ISA customers to have at least £1 in their accounts at all times. It is important to note that the Instant Access ISA account can have a balance of up to £2m.
How Can I Access the Ford Instant Access ISA?
Ford Money are committed to providing a simple, straightforward and efficient service for their customers. To access Ford Money’s Instant Access ISA service you can open up an account online in under 10 minutes. Alternatively, you can open an account through Ford Money’s UK-based call centre, which is open 24 hours a day 7 days a week.
