Same here- i’m going to have to move a chunk of cash elsewhere if there isn’t anything soon.
Same.
Although I’m hoping Cash ISAs will smooth over the wait. I hate having money in a million different places.
I’m the same. I know it makes sense to shop around for the best rates and deals, however if Monzo launch a good option I’d much rather have it all visible in-app.
It’s a shame the Monzo savings products have been so lacklustre so far. I really hope this isn’t a 0.5% Cash ISA. That would really mean I’d have to rethink my savings.
Fingers crossed it’s somewhere near the decent market rates.
Do we have any updates on savings? Read a few news articles in the past week on a range of new fixed savings/ISAs launching soon.
Monzo found a few bugs in their ISA implementation which they felt had to be fixed be roll out. Hopefully there will be more news on Monday.
Hope the savings pots come back soon
Savings pots are here
You can open an ISA with as little as £500 directly within the monzo app
Edit: or you can open a fixed term savings pot
There’s only ISA and fixed term savings pots at the minute - nothing “easy access” without the ISA restrictions.
I already have a help to buy ISA so standard savings pot is my only option.
You can contribute to one cash and one help to buy ISA in a year so you’d be able to put the remainder of your £20k allowance into the cash ISA.
Edit: No you can’t, thanks for the correction @16bitkieran
You can’t as a H2B ISA count as a type of cash Isa, and you are only allowed to pay into one of these accounts in any tax year.
Ahh I see, I thought the H2B was the same rule as the LISA, thanks for the heads up.
I have both HTB ISA and CashISA with Nationwide, some banks can do a split thing with the 20K being max across both. https://www.moneysavingexpert.com/savings/help-to-buy-ISA/#nationwide
Just out of curiosity - why do some have a H2B ISA instead of a LISA? From what I understand there aren’t any benefits from the H2B ISA that you don’t get with the LISA.
One reason is that you can withdraw from a H2B without the penalty.
Good news all! We expect to have an update on the return of easy access Savings Pots before the end of this month Stay tuned!
Will these be Investec again or OakNorth?
Oooohh interesting. I was just thinking about my Investec pots and wondering what might happen to them.
I was thinking that they might be changed into an OakNorth one
Fab news. I hope the opening limit is reduced this time. Opening for £1 would be amazing!