£50k in cash prizes up for grabs
Here’s how to enter our end of tax year prize draw.
The countdown to the end of the 2023/24 tax year is on!
We’ve got a prize draw with £50k in cash prizes up for grabs – including £30k for one lucky winner.
Every £100 you add to a qualifying account (see below) earns you one entry. Entries close at 3pm on 5th April 2024 – so don’t miss out! T&Cs apply.
Track your entries in-app
You can view all of the details and track your entries in-app by heading to Settings > Promotions.
Qualifying accounts
- Lifetime ISA: Build your first house deposit faster, or save for retirement, with a 25% govt. bonus. Govt. withdrawal charge may apply.
- Cash ISA: Grow your savings tax-free with 4.82%* AER (variable). Rate subject to conditions, includes bonus rate for first 12 months.
- Stocks & Shares ISA: Invest up to £20k a year with tax-free gains. Capital at risk.
- Personal Pension: Combine your old workplace pensions into one simple pot. Pension & tax rules apply.
Ways to enter
If you already have a qualifying account, deposit today to start earning entries and give yourself the chance to win big in our £50k prize draw!
Have an ISA elsewhere? Transfer it to Moneybox (Settings > Transfers) and pick up prize draw entries in the process. Every £100 in transfer value earns you one entry (excludes pension transfers). You’ll just need to open that ISA with Moneybox before you can start your transfer. Please note – the transfer must complete during the Qualifying Period.
You can also earn entries by moving money (Settings > Move money) from a Moneybox savings account (Simple Saver, Notice Accounts, Reward Savings Account) to a Moneybox ISA. Every £100 you move earns you one entry. Please note – moving money from a Moneybox ISA to another Moneybox ISA doesn’t earn you entries.
Key timings 2023/24 tax year end
There are also some key timings to be aware of for the end of the tax year at Moneybox.
Prize draw FAQs
What if I maxed out my deposits prior to the prize draw starting?
For any customers who have maxed out their allowance(s) prior to the draw, we’ll automatically assign entries through the following structure:
- Those with a maxed out Lifetime ISA (either Stocks & Shares or Cash) will earn 40 entries.
- Those with a maxed out ISA (either Stocks & Shares or Cash), will earn 200 entries.
If you max out your Lifetime ISA or ISA allowance during the prize draw, we’ll automatically give you full entries too. If you make a withdrawal from a maxed out ISA or Lifetime ISA (other than for the purpose of a property purchase) prior to 3pm on 5 April then you will no longer receive these entries.
What if I make a withdrawal?
If you make a withdrawal from a qualifying account (other than from a Lifetime ISA for the purpose of a property purchase) prior to 3pm on 5 April then your withdrawals will be deducted from your entries. For example, if you were to deposit £2,000 into a Cash ISA and withdraw £950 from your Stocks & Shares ISA, you would have 10 entries into the draw.
Can I keep track of my entries in the app?
Yes! If you’re on our latest app version, you can view your current number of entries by heading to Settings > Promotions, or by tapping the button below.
Your number of entries will update automatically once your deposit(s) and any withdrawals have been added to your account balance. If you choose to add money through our weekly collection cycle, this typically occurs by the end of the next working day after the funds leave your bank account, normally the Tuesday after collection.
Will my transfer complete in time to count?
If you’re transferring an ISA or Lifetime ISA into Moneybox from another provider, we’ll need to receive the funds from your existing provider before the offer window closes at 3pm on 5th April 2024.
It’s worth noting that transfers can take up to 30 days to complete, and so we aren’t able to guarantee that your existing provider will send the funds before this date, however we’ll do the best we can to ensure there are no delays to your transfer.
Please note that the last opportunity to submit an ISA to Lifetime ISA transfer request for the 2023/24 tax year will be 5pm on 8th March. After this point, ISA to Lifetime ISA transfers will be unavailable in the app until the new tax year begins.
If you max out your Lifetime ISA or ISA allowance during the prize draw, we’ll automatically give you full entries too.
When will you select the winners?
We’ll randomly select our eight winners on the 19th April 2024, and they will be notified via email. If you are selected, we’d just need you to confirm that we hold the correct bank details for you within 5 working days of receiving this email.
If you don’t hear from us on 19th April, this would mean that you weren’t selected this time round, however we do run offers throughout the year so keep an eye out for future promotions! If the selected winner doesn’t respond within the given timeframe, a new winner will be selected on 29th April.
*New customer rate as of 14/03/2025. 4.82% AER (variable) includes a bonus rate of 0.62% for the first 12 months. A lower rate of 0.75% AER (variable) applies if account conditions aren’t met. Interest is accrued daily and paid into your account yearly on the date you opened your Cash ISA. The rate is variable, and we’ll inform you if it changes. Tax treatment depends on individual circumstances and may be subject to change in the future.
A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA. For Stocks and Shares LISA, capital at risk.
Cash ISA interest is accrued daily and paid yearly. The rate is variable and subject to in-app conditions. We’ll inform you if it changes.
All investing should be long term (min. 5 years). The value of your investments can go up and down, and you may get back less than you invest.
As with all investing, the value of your Pension can go up and down, and you may get back less than you invest.