Moneyfarm review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Moneyfarm suits savers who want a Cash ISA with a headline rate of 3.87%, a monthly fee of £0 and deposit protection in place, run by a UK entity under Financial Conduct Authority oversight. Consider it if you can open with the minimum deposit and do not need to dip in often.
Key facts
- Best for
- Savers with a lump sum who want a no monthly fee Cash ISA inside UK regulation.
- Headline rate
- 3.87%↗
- Rate type
- Variable↗
- Minimum deposit
- £500↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- Flexible Cash ISA: up to 3 withdrawals or transfers out per year, top up anytime↗
- Monthly fee
- £0↗
- Account kind
- ISA↗
- Legal entity
- MFM Investment Ltd↗
- Headquarters
- United Kingdom↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- moneyfarm.com
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Deposit protection is stated as FSCS up to GBP 85,000, so there is a named scheme and a published ceiling behind eligible deposits.
- The firm is authorised by the Financial Conduct Authority under reference 629539, a check worth making before you open any Cash ISA.
- It is a isa account, and top ups can be made at any time, so building the balance in stages is straightforward.
- The monthly fee is £0 and the account sits in the no monthly fee model, so nothing comes out of the balance each month.
Cons
- The minimum deposit is £500, above the €810.82 level that most cash ISAs listed here sit under.
- The number of withdrawals and transfers out is capped on the isa, so the balance is not an instant access pot for money you may need soon.
- The rate is variable, so the 3.87% headline can move down as well as up and gives no fixed return to plan around.
- Support runs on email, phone and help centre only, so there is no live chat for quick questions.
Who it suits
- Anyone with a lump sum ready to place, since the minimum deposit is £500 and the monthly fee is £0.
- Readers who check safety before rate, with a Financial Conduct Authority licence reference and a stated protection figure both published.
- Planners rather than spenders, because the account is built for money that goes in and stays.
Who should look elsewhere
- Anyone chasing the biggest headline number, since AXI Card Tarjeta y Credito sits at 21.59% and Plazo ES at 24.19%, both above the 3.87% Cash ISA.
- Savers who need to reach the money often: the withdrawal and transfer allowance is capped, while 75.6% of the savings accounts on the site are easy access.
- People who want a rate locked for a set period, since this rate is variable and 23.2% of the savings accounts on the site pay a fixed rate.
Safety of your money
Moneyfarm states deposit protection as FSCS up to GBP 85,000, which is the first thing to look for in a Cash ISA: a named scheme and a published ceiling for eligible deposits. The firm is authorised by the Financial Conduct Authority under reference 629539, so it sits inside the UK regulatory perimeter with a traceable registration. Put those two together and the safety picture is easy to read, which matters most for anyone whose balance sits above the stated ceiling or who simply wants the provider's identity on record. If your savings exceed the published ceiling, treat the excess as a separate decision. Neither point tells you anything about the rate, and that is a separate story.
Fees and currency costs
The Cash ISA carries a monthly fee of £0, and the account is listed in the no monthly fee model, so nothing is deducted from your balance each month. Most of the market looks the same: the median monthly fee across the savings accounts on the site is €0, so a standing charge here would be unusual. The figure that decides whether you can open at all is the minimum deposit of £500. That sits above the €810.82 level most cash ISAs listed here fall under, so treat it as a genuine starting hurdle. If your savings are smaller than that, this account is not ready for you yet.
Access to your money
Moneyfarm's Flexible Cash ISA allows a limited number of withdrawals or transfers out, and top ups can be made at any time. That split is the practical story: money going in is easy, money coming out has a cap. Plan around it by treating this as a home for savings rather than a working balance, and by keeping short term money elsewhere. The rate is variable, so the account is not tied to a fixed term and there is no notice period to serve. Compare that with the 75.6% share of savings accounts on the site that are easy access, and the trade-off becomes clear.
Rates and terms
The headline rate on the Cash ISA is 3.87% and the rate is variable, so the figure you see today is what the account pays until the provider changes it. That is a strength when rates fall and a risk when they climb. For context, the median headline rate across the cash ISAs listed here is 4.25%, and the upper end of that group sits at 5.12%. Moneyfarm falls below the middle of that field, so if the rate is the only thing you optimise for, accounts ahead of it appear here. Weigh that against the tax wrapper and the stated protection figure before deciding.
Who runs it
Moneyfarm's UK operation runs as MFM Investment Ltd, based in the United Kingdom. That is the legal entity behind the account, so it is the name to look for on your statements rather than a trading label. The firm is authorised by the Financial Conduct Authority under reference 629539, a reference you can check yourself. Support runs on email, phone and help centre, so a phone line and email sit alongside a help centre for questions. Taken together, this is a UK regulated firm with a published licence reference, which makes the setup straightforward to verify before you commit money.
How Moneyfarm compares
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Where Moneyfarm is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (629539), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the Moneyfarm Cash ISA pay?+
The headline rate is 3.87% and it is variable, so the figure moves when the provider changes it. For context, the median headline rate across the cash ISAs listed here is 4.25%, which puts Moneyfarm a little below the middle of that group rather than near the top of it.
Is there a monthly fee on the account?+
No. The monthly fee is £0 and the account is listed in the no monthly fee model, so nothing is deducted from the balance each month. That is the common pattern on the site, where the median monthly fee across savings accounts is €0. It also means your return comes from the rate alone.
How much do I need to open it?+
The minimum deposit is £500. That is higher than the €307.70 median minimum deposit for the cash ISAs listed here, so the account suits people with a lump sum ready to place. Anyone starting smaller would need to build the balance up rather than open it in one go.
Is my money protected?+
Deposit protection is stated as FSCS up to GBP 85,000, and the firm is authorised by the Financial Conduct Authority under reference 629539. Both points matter: the protection figure gives the ceiling named for eligible deposits, and the licence reference lets you check the registration yourself before opening anything.
Can I withdraw whenever I like?+
Not without a limit. The account is a isa and the number of withdrawals or transfers out is capped, while top ups can be made at any time. That shapes how it works day to day: money goes in whenever suits you, and comes out when it has to rather than on request.
Who runs the UK account?+
The UK side is operated by MFM Investment Ltd, based in the United Kingdom. That is the legal entity holding the account, so it is the name to look for on your statements rather than a trading label, and the entity that answers for the product.
How do I get help if something looks wrong?+
Support runs on email, phone and help centre, so you have a phone line and an email route as well as a help centre to browse. There is no live chat option listed, which for a quick question about a transfer or a payment means a call is usually the faster route.
Sources
- moneyfarm.com checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Registered office: 90-92 Pentonville Road, London N1 9HS | Registered in England and Wales Company No. 09088155”
- moneyfarm.com/uk/cash-isa checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“Make up to three withdrawals or transfers out per year without impacting your boosted rate, and top up anytime, fee-free.”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
Moneyfarm
Savers with a lump sum who want a no monthly fee Cash ISA inside UK regulation.