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.
Download the app and get started with £1.
See how you can boost your savings with a Moneybox Lifetime ISA.
Govt. withdrawal charge may apply. Remember, interest rates may change so projections are not a guarantee of future value.
Set up a weekly deposit of
into a Moneybox Lifetime ISA Account
an additional weekly deposit of
into another savings account (calculated at x.x% interest).
Your total government bonus
To calculate your weekly deposit we've taken into account the accumulated value of your contributions over 5 years, including the government bonus you'll receive and interest you will earn. We've assumed you continue with these settings and interest rates don’t change.
£
Government bonus
.
Our calculation has not taken into account any potential tax on interest earned - tax treatment depends on your individual circumstances and may be subject to change in the future.
Govt. withdrawal charge may apply. Remember, interest rates may change so projections are not a guarantee of future value.
So far we’ve helped over 500,000 people save and invest for their future. Ready to join us?
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Digital Wealth
Management Provider
Digital Wealth
Manager
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) |
£1,263.34
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 support@moneyboxapp.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…
The interest accrues daily and is paid monthly.
Lifetime ISA bonuses are paid out at the end of each month, and are based on your total collections…
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 support@moneyboxapp.com.
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.
Eligibility
Distribution
Other
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.