Lifetime Isa

Is my Lifetime ISA protected by the Financial Services Compensation Scheme?

The FSCS is a government fund that exists to help consumers in the event of a bank collapse. You are protected for 100% of the first £85,000 per financial institution.  

If you opened a Cash LISA before 23rd April 2020, your account is powered by our partner OakNorth Bank. OakNorth Bank 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 Bank.

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 here.

Please note, the FSCS does also cover investment products. You are covered in the event of the product provider collapsing, not if your investments lose money.

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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.

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