Moneyfarm has launched a Cash ISA exclusive improved rates for 12 months that sits along side its investment individual savings account.
Moneyfarm Cash ISA Review: Boosted interest rates for the first 12 months
Is Moneyfarm's Cash ISA any good?
Yes, we rate the Moneyfarm Cash ISA as excellent as it provides a tax-efficient way to save, with some of the highest interest rates. New savers also get a 0.37% rate boost for 12 months, but this does reduce if you make more than three withdrawals in a year.
It also sits alongside Moneyfarm’s Stocks & Shares ISA so you can allocate a portion of your ISA allowance to get better potential returns in the stock market whilst reserving some in the safety of cash at a single provider.
There is no Cash ISA transfer offer with Moneyfarm, that is only available with a Moneyfarm investment ISA.
Pros
- High interest rate
- No fees
- FSCS protection
Cons
- £500 minimum balance
- Limited withdrawals
- Variable interest rate
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Cash ISA Rating
(5)
Overall
5
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
