Fees And Security

Is my money secure?

Investments

When investing your money in a Stocks & Shares ISA, Stocks & Shares Lifetime ISA, General Investment Account, or a Junior ISA, the value of your investments can go down as well as up. However, the Financial Services Compensation Scheme (FSCS) can compensate you up to £85,000 if you’ve a claim against Moneybox and Moneybox has failed. Our fund providers are also covered by the FSCS up to £85,000, except for the Old Mutual World ESG Index fund which is based in Ireland and so not covered by FSCS.

For more detailed information, visit the FSCS website.

Cash Lifetime ISA

If you opened a Cash LISA before the 23rd of April 2020, your account is likely powered by our partner OakNorth. OakNorth is covered by the Financial Services Compensation Scheme (FSCS) so £85,000 of your savings are protected. If you have other savings with OakNorth these will also count toward the £85,000 limit with OakNorth.

For users who opened a Cash LISA between 23rd April and 17th August 2020, the account is powered by Investec. Investec are also covered by the FSCS up to £85,000, and any other savings you hold with Investec (including in our 95 Day Notice Account), will count towards this limit.

If you opened a Cash LISA on or after 17th August 2020, you hold a Moneybox Cash Lifetime ISA. You can find out more about FSCS protection for this account on our FSCS page.

Savings Accounts

For our 95 Day Notice Account, which is powered by Investec, your balance is covered up to £85,000 should anything happen to either Moneybox or Investec. If you have other savings with Investec these will also count toward the £85,000 limit.

Our 45 Day Notice Account is powered by Charter Savings Bank, and your balance is covered up to £85,000 should anything happen to either Moneybox or Charter Savings Bank. If you have other savings with Charter Savings Bank these will also count toward the £85,000 limit.

Our Simple Saver is powered by Shawbrook Bank, and your balance is covered up to £85,000 should anything happen to either Moneybox or Shawbrook Bank. If you have other savings with Shawbrook these will also count toward the £85,000 limit.

Our Reward Savings Account is powered by Cynergy Bank, and your balance is covered up to £85,000 should anything happen to either Moneybox or Cynergy Bank. If you have other savings with Cynergy Bank these will also count toward the £85,000 limit.

 

We are authorised and regulated by the Financial Conduct Authority (FCA) with firm reference number 712935 (and number 792703 for payment services activities) and so are subject to strict capital adequacy and systems & controls requirements.

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It's important you know

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.

Risk Warning
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