Moneybox

Moneybox is a trading name of Digital Moneybox Ltd, which was founded in 2015 by Ben Stanway and Charlie Mortimer. In order to use its services, customers must download the Moneybox app.

It is a privately limited company and has its headquarters in London. 

Moneybox
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Gold ribbon: first place

Investing and pensions

Ranked 10th of 24 providers reviewed.

Customer happiness 72%
Customer trust 82%
Complaints performance 54%
Transparency rating 54.86%
Fairer Finance score
Reviewed Autumn 2022
66%

Investing and pensions

Ready-made General Investment Accounts

Moneybox

Moneybox portfolio

3 stars
Cost (Year 1) i £400.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Does the provider have a mobile app?
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs
Early account closure fee £0.00
Cost of receiving paper statements for a year
Charge for transferring cash to another platform i £0.00

Ready-made Junior ISAs

Moneybox

Moneybox portfolio

3 stars
Cost (Year 1) i £400.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs
Early account closure fee £0.00
Cost of receiving paper statements for a year
Charge for transferring cash to another platform i £0.00
Does the provider have a mobile app?

Ready-made Lifetime ISAs

Ready-made Personal Pensions

Moneybox

Moneybox Pension portfolio

3 stars
Cost (Year 1) i £800.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs
Early account closure fee £0.00
Cost of receiving paper statements for a year
Charge for transferring cash to another platform i £0.00
Does the provider have a mobile app?

Ready-made Stocks and Shares ISAs

Moneybox

Moneybox portfolio

3 stars
Cost (Year 1) i £400.00
Account closure fee £0.00
Charge for transferring investments to another platform i £0.00
Charge for selling holdings if not enough money in account for charges £0.00
Completing paper applications
Cash withdrawal by BACs £0.00
Same day payment/payment by CHAPs
Early account closure fee £0.00
Cost of receiving paper statements for a year
Charge for transferring cash to another platform i £0.00
Is there a mobile app?

Notice Savings Accounts

Up to 180 Day Notice Accounts

Moneybox

120 Day Notice Account

Interest Rate (AER) i 3.46%
Part of FSCS i
Notice Period 120 days
Minimum Opening Balance i £1.00
Maximum Balance i £85,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i

Up to 60 Day Notice Accounts

Moneybox

32 Day Notice Account

Interest Rate (AER) i 3.2%
Part of FSCS i
Notice Period 32 days
Minimum Opening Balance i £1.00
Maximum Balance i £85,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i

Savings Accounts

Easy Access Accounts

Moneybox

Moneybox Simple Saver Account

Interest Rate (AER) i 2%
Maximum Balance i £85,000.00
Part of FSCS i
Withdrawal Penalty i 1 withdrawal allowed per calander month.
Additional Information i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

Moneybox

Simple Saver Account

Interest Rate (AER) i 2.32%
Maximum Balance i £85,000.00
Part of FSCS i
Withdrawal Penalty i
Additional Information i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

Savings Accounts (ISAs)

Lifetime ISAs

Moneybox

Moneybox Cash Lifetime ISA

Interest Rate (AER) i 3.5%
Part of FSCS i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Withdrawal Penalty i Withdrawals are charged at 25%
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i
Additional Information i 39