Save up to £4,000 each tax year and get a 25% government bonus. The Moneybox Cash Lifetime ISA offers a market-leading rate of 1.25% AER variable.
Download the app and get started with £1.
We are accepting digital transfers from most providers into our Lifetime ISA. Please get in touch with our customer service team for more information.
Join 400,000 people already saving and investing for their future with the award-winning Moneybox app.
Moneybox Cash Lifetime ISA
If you have any questions, please chat to us in the app or email us via firstname.lastname@example.org.
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. If you’d like to…
The interest accrues daily and is paid monthly.
This savings account is powered by Investec. Investec is covered by the Financial Services Compensation Scheme so your savings are protected up to £85,000.
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 email@example.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.
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.