Moneybox

Who they are

Moneybox was founded in 2016 by Ben Stanway and Charlie Mortimer, starting with a simple idea: help people save by rounding up spare change from everyday purchases. Over the years it has grown into a well-established UK brand, now serving 1.7 million customers and managing billions of pounds in assets. Today it covers a wide range of goals - Cash ISAs, Lifetime ISAs, pensions, investments and mortgage support - all through a single app. The app is highly rated, scoring 4.8 out of 5 from over 68,000 reviews on the App Store and 4.7 out of 5 on Google Play.

One thing to be clear about: Moneybox is not a bank. Its savings accounts and Cash ISAs are held with partner banks, and your FSCS deposit protection - up to £120,000 per person - applies under each partner bank's licence, not a Moneybox licence of its own. If you hold savings with multiple partner banks through the platform, it is worth checking which underlying institution holds your money.

Savings accounts

Moneybox has a broad range of products. On the ISA side, the Moneybox Cash ISA offers instant access with a £500 minimum, while the Open Access Cash ISA opens from just £1. For first-time buyers or those saving for retirement, the Cash Lifetime ISA currently pays a higher rate that includes a 12-month boost on top of a 2.80% base - worth noting because the headline figure will fall back to the base rate once that boost period ends. There is also a 1 Year Fixed Rate account for those who want certainty, and a choice of notice accounts at 32, 90 and 95 days if you can wait a little longer to access your money in exchange for a better return.

The Simple Saver is the entry-level easy access option, paying a lower rate, but holders of a qualifying Moneybox ISA, LISA, JISA, pension or Reward Savings Account earn a 1% reward rate on top. Withdrawals on the Simple Saver are limited to one per calendar month, with funds arriving the next working day.

All products carry FSCS deposit protection up to £120,000.

The live rates for every account are shown in the table on this page - check those figures before opening anything, as variable rates can change at short notice.

Is it right for you?

Moneybox suits savers who want to manage everything in one well-designed app. You can link a bank account, round up everyday spending to the nearest pound, and direct that spare change into savings, with one-off, weekly or monthly contributions available alongside automation features. That makes it genuinely useful if you find it hard to save consistently.

The Lifetime ISA is a standout if you are under 40 and saving for a first home or retirement - the government bonus of 25% on contributions up to £4,000 a year is separate from the interest rate and applies regardless of who holds your LISA. Bear in mind that Moneybox's LISA currently accepts transfers from other cash LISAs only, not from Stocks and Shares LISAs or Help to Buy ISAs.

If you are purely chasing the single highest rate available and do not need the app features, it is always worth comparing Moneybox against the full market. Use the live table on this page to see exactly where it sits today.