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Save smarter with Moneybox
Get 3.83% AER (variable) and work towards your shorter-term goals.
The 95 Day Notice Savings Account has no account fees.
Get started with as little as £1.
What else should I know?
Powered by our partner bank Investec, you're covered up to £120,000 by the Financial Compensation scheme.
Once you've requested a withdrawal, we receive your money from Investec 95 days later and will then transfer it to you.
Interest is calculated daily, and paid monthly.
Everything you need to know
If you have any questions, chat to us in the app or email us via support@moneyboxapp.com.
What's the account name?
95 Day Notice Account (powered by Investec)
What's the interest rate?
3.83% AER* (variable)
Interest is calculated daily on the full closing balance in the account.
If you make a withdrawal request, interest will be calculated on the total amount in the account up to, but not including the day of the withdrawal.
Interest is applied to the account on the first day of every month, rounded to the nearest penny.
Can the partner bank change the interest rate?
Yes, the Interest rate is variable and can be increased or reduced at any time.
If Investec increase the interest rate on your account, the change will take effect on the first day of the next calendar month (or in some cases, immediately).
If Investec decrease the interest rate on your account, we will notify you via the Moneybox App, and by email at least 109 calendar days before the decrease takes effect and provide a reminder notice to you 14 days before.
What would the estimated balance be after 12 months based on a £1,000 deposit?
At current interest rates:
A deposit of £1,000.00 would earn £40.80 after 12 months, for a final balance of £1,040.80
These are illustrative examples that assume you make the full deposit when opening the account and do not make any withdrawals in the following 12 months. These examples are not based on your individual circumstances.
How do I open and manage my account?
This account is available to all UK residents over the age of 18, with a minimum balance of £1.00 and a maximum balance of £120,000.
You can open and manage the 95 Day Notice Account all directly through the Moneybox app.
You may only make payments into the account via the Direct Debit arrangements managed via the Moneybox App.
Joint accounts are not allowed.
Can I withdraw money?
Yes, withdrawal requests can be made via the Moneybox App at any time after the funds are deposited into the account.
On the Business Day after receipt of your withdrawal instruction we will request the return of your money from Investec.
We will receive the money once the 95 day notice period has elapsed and will return the money to your nominated bank account within one Business Day.
Your money will continue to earn interest until it is returned to us as above.
You will not earn any further interest on money after it has been returned to us or while it is sent to you.
Additional Information
You will not earn any further interest on money after it has been returned to us or while it is sent to you.
The information provided in this summary box is a summary of the key features of this document.
*AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
*Interest will be paid gross. Gross interest does not take into account any tax payable.
Depending on your individual circumstances, you might have to pay tax on any interest you earn. If you have any specific tax questions you should seek professional tax advice.
Alternatively, further guidance can be found on the HMRC website, for further information please go to: https://www.gov.uk/apply-tax-free-interest-on-savings. Please note that your tax treatment may be subject to change in the future.
You are protected by FSCS up to a maximum of £120,000 across all of your eligible Investec accounts. Therefore, this maximum is the total protection for this deposit and any others you may hold with Investec directly. For all the information you need on FSCS please go to https://www.fscs.org.uk/.
In the event of Investec’s failure the reimbursement period for money held via Moneybox may take longer than if the money was held directly with Investec. For all information you need on the FSCS repayment timelines please go to https://www.fscs.org.uk/what-we-cover/banks-building-societies/.
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