Savings accounts

All topics Savings accounts What savings accounts do Moneybox offer?

What savings accounts do Moneybox offer?

We currently offer two types of savings products – regular access and Notice Accounts. With Notice Accounts, you need to give us notice before you take your money out, and in exchange these tend to offer higher interest rates compared to the regular access savings products.

We also offer an account without a notice period – the Simple Saver. Any withdrawals made from this account are paid the next available working day, however you are limited to one withdrawal per calendar month. This account currently offers a rate of 3.15% AER (variable). You can also earn an additional reward rate of 1% (variable) on your Simple Saver – check our website here to see whether you qualify for this reward rate.

The Notice Accounts we offer are:

  • 32 Day Notice Account, which is powered by Investec with an interest rate of 4.24% AER (variable)
  • 45 Day Notice Account, which is powered by Charter Savings Bank (CSB) and has an interest rate of 3.51% AER (variable). Please note that this account is currently closed to new customers.
  • 95 Day Notice Account, which is also powered by Investec and has an interest rate of 4.55% AER (variable)
  • 120 Day Notice Account, which is powered by Charter Savings Bank (CSB) and has an interest rate of 3.92% AER (variable). Please note that this account is currently closed to new customers.

Depending on which account you have open, you’ll need to give either 32 days, 45 days, 95 days, or 120 days notice to make a withdrawal. Once you request a withdrawal in the app, after your notice period has passed, you will receive your funds the next working day.

All of our cash savings accounts are also fully FSCS protected for up to £85,000. Please note that this limit is per bank, meaning any other savings you have with banks holding your balance will also count towards this £85,000 limit.

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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.

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