UK Money App News: July 2026

Three things worth knowing if you run your money through an app. After months of climbing, the rate war has turned: the top app cash ISAs and the wider easy-access market both slipped this week. And Moneybox is dangling a large pension cashback with a month-end deadline.

App cash ISA rates start to slip

The cash ISA apps that spent the spring raising rates have started trimming them. In Moneyfacts’ 7 July roundup, Trading 212 still leads the easy-access ISA chart but has cut its promo rate to 4.51% AER, a figure that includes a 0.91 percentage point bonus fixed for 12 months and is open to new customers who apply through Moneyfactscompare by 3 August. Plum sits just behind at 4.44% AER, propped up by a chunkier 1.88 point bonus, with Chip at 4.42%. The pattern for app savers holds even as the numbers fall: the headline rate leans on a 12-month bonus, so the rate you open on is not the rate you keep. Diarise the date the bonus drops off and be ready to move. This is also the last tax year an under-65 can shelter the full £20,000 in cash before the allowance drops to £12,000 in April 2027. Our cash ISA vs savings calculator weighs the tax-free route against a flexible account. Source: Moneyfacts weekly ISA roundup.

The wider savings market cools too

It is not just ISAs. Moneyfacts’ 7 July savings roundup has the top easy-access and one-year fixed rates dipping this week, while longer two, three and five-year bonds held steady. That is a turn: for most of the spring the chart-toppers were climbing, and providers pulling back at the short end usually signals they expect the Bank of England to sit still or cut later in the year. For anyone keeping spending money or an emergency fund in an app, the read is simple. If you have cash you will not need for a year or more, a fixed rate now locks today’s level before the easy-access rates drift lower. Our savings interest and tax calculator shows what a pot earns after tax so you can compare like for like. Source: Moneyfacts weekly savings roundup.

Moneybox offers up to £5,000 pension cashback before 31 July

Moneybox is running a cashback offer on its Personal Pension: put in £10,000 or more by 31 July, whether as a new deposit, a transfer of an old pension, or both, and you earn between £100 and £5,000 back depending on the amount. Cashback is a real perk, but a pension transfer is a bigger decision than a savings switch. Check whether your old pension charges an exit fee or holds a valuable guarantee before you move it, and compare Moneybox’s ongoing fees against what you pay now, because a one-off bonus can be wiped out by a higher annual charge over time. If the fit and the fees stack up, treat the cashback as a bonus rather than the reason. Source: Moneybox cashback offer.