They want to be a hub not a spoke.
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ISA is live with the latest Android update, it seems
Yes, It is live, had some error screen abt cloudfare, but eventually i was able to make one.
Monzo doesn’t plan to operate as a traditional bank. Their long term vision has been to focus on the current account and act as a financial hub that 3rd party financial products plug into
So, I guess I should move all my investment pot over to a new ISA, then?
@anon36341982 it’s an interesting point and one I’ve been pondering. While there is slightly more interest available in the ISA than the Investec account I’m a bit worried about putting ‘all my eggs in one basket’ so to speak. I personally want to spread any risk across multiple providers ‘just in case’.
On that point, I assume that I am covered by the FCSS for both my Investec and Oak North accounts should they go bust. Would it be them that I would deal with in that unlikely event or would it be Monzo?
You don’t really have an “risk” with an ISA, you’re capital can only go up. It’s only interest bearing you’re not “investing” any money - therefore moving from 1% to 1.14% you’d be earning more on the 1.14%
I didn’t really mean that kind of risk, I’m aware it’s not a stocks and shares isa. I meant if Oak North or Investec went bust. I am safer if my savings are spread across the two? I suppose that only really matters if the balance on either exceeds £85k (which it doesn’t).
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Oaknorth are FSCS protected so it doesn’t really matter which one it is in.
Agreed, and you won’t pay tax on the interest earned on the ISA. Thing for me is I like the different pots for different things, too OCD to merge them all! 
Thats fair - you could always just have a big “savings pot” with the higher percentage and then take out as and when.
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You have to earn a lot of interest nowadays to pay tax…or earn an awful lot of money!
What’s the reason for the next day withdrawals? Is it technical? Is it imposed by the partner banks or is it intentionally done by Monzo? Will this always be a thing if Monzo are integrating other banks?
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It’s most likely to do with the underlying provider. E.g. when I had cash ISA with paragon bank no matter what it was next day transfers - no support for instant faster payment in/out.
Is Monzo cash ISA flexible or not? Couldn’t understand from inside the app. It does say “flexible cash ISA pot”. But I am not sure if it’s “flexible pot” or “the ISA is flexible” in HMRC terms.
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Got an email yesterday saying Cash ISA’s are now here. Surprised there isn’t a new blog post
It is on the main site now, it sure about blog post
It could be due to the fact Monzo put the money through to Oaknorth through a trust account (I think that is what I read) - so to do all the withdrawal stuff, a buffer is set-up.
As above, I think it’s simply because Monzo gathers all the requests for the day and pushes them through to their single Oaknorth account overnight and shares the money out to customers when it comes through.
In that sense I suppose it could be argued a technical limitation due to the nature of the financial instrument/relationship between the two banks.
So if I already have an ISA I’m unable to use this? Or can we transfer?