Currently there is the 0.93% interest rate offered by Investec through the app. Is there any news on whether any other providers will be added to the list, maybe Paragon, OakNorth, Charter Savings Bank returning to the list or possibly new partners?
And, given the confusion which emerged recently for Monzo and it’s customers around the ISA, there’s no better explanation of the types of ISA and the do’s & don’ts than in the MSE article above.
Thanks @Dunsford. I already saw this, but was hoping that there would be some more options from within the Monzo app as currently there appears to be just the one.
Usually, it’s worth looking around for the best savings rates, but I think it’s possibly worth sticking with one of the big providers for a cash ISA, as loyalty has certainly paid off for me with Coventry for the last few years
Email today from Coventry BS stating that my rate will reduce to 0.81% in two weeks.
Just paid in this year’s allowance too!!!
Now looking for a new home.
Fixed rate looks the way forward.
Post Office offer 1.30% for 1 Year, however, many reviews on PO are not positive.
Ford Money and Charter Bank offer 1.25% and 1.26% respectively, though not liking their proposed actions at end of term (in unlikely event I fail to give timely instructions).
One locks it away for another 12 months by default, the other pays it into a nominated account (losing ISA status, no doubt).