Save up to £4,000 each tax year and get a 25% government bonus. Our market-leading Cash Lifetime ISA offers an interest rate of 1.1% – this includes a 0.5% AER variable rate, plus a 0.6% introductory bonus rate in the first year.
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Moneybox Cash Lifetime ISA
|Interest rate (including a bonus rate of 0.6% AER for 12 months)||1.1% AER (variable)|
|Interest rate (after first 12 months)||0.5% AER (variable)|
|Estimated balance after 24 months (only the underlying interest rate of 0.5% is paid for months 13 to 24)|
|Estimated balance after 12 months (underlying interest rate with a bonus of 0.6% AER variable for 12 months)||£1,016.08|
If you have any questions, please chat to us in the app or email us via email@example.com.
The Lifetime ISA (LISA) is a product designed by the government to help you to purchase your first home…
We offer two types of Lifetime ISA: A Cash Lifetime ISA – this works like a cash savings account…
We’re able to transfer from most ISA and LISA providers into the Moneybox Lifetime ISA. To get started, just request…
The interest accrues daily and is paid monthly.
This Moneybox savings account holds your savings via third party banks. These banks are covered by the Financial Services Compensation Scheme so your savings are protected up to £85,000. You can find out more at Moneybox FSCS Protection.
We use 256-bit TLS encryption for all your personal information and will never share any of your details with third parties without your consent.
If you have any questions, you can chat to us in the app or email us via firstname.lastname@example.org.
If you withdraw money for any reason other than buying your first home (up to £450,000) or retirement, there is a 20% government withdrawal charge, meaning you will lose any government bonuses you have earned. Please note this is a temporary reduction from 6 March 2020 – 5 April 2021. After this period the government withdrawal charge will revert to 25% (you’ll pay an additional £6.25 for every £100 deposited). The Lifetime ISA is treated differently for tax purposes when compared to a pension. If you decide to opt out of your workplace pension and instead pay into a Lifetime ISA, you will not benefit from any employer-matched contributions into your LISA and it may affect your current and future entitlement to means-tested state benefits. If considering the Lifetime ISA for the purposes of retirement, we recommend you speak with an independent financial advisor.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.