Savings accounts: basics
5 Support topics
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How can I pay into my savings account?
Any payments you make into your Moneybox account are debited from your linked bank account, which must be a…
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What happens when I want to withdraw from my savings account?
Withdrawals can be requested in-app (Settings > Withdraw). For our Simple Saver, we’ll send your funds to your bank…
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What are the fees for savings accounts?
We do not charge a customer service fee for our savings products. Instead, we will receive a fee from…
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What savings accounts do Moneybox offer?
We currently offer two types of savings products – regular access and Notice Accounts. With Notice Accounts, you need…
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How does Moneybox calculate cash interest?
For our Cash Lifetime ISA and savings accounts (Notice Accounts, Simple Saver, and Reward Savings Account), your underlying interest…
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It's important you know
Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. 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.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.