Availability to open a new Moneybox Business Saver may vary during busy periods.
We believe that businesses deserve financial products that work as hard as they do. That’s why we’ve launched the Moneybox Business Saver.
What is the Moneybox Business Saver?
The Moneybox Business Saver allows sole traders and limited companies to earn a competitive rate on their business savings, with next-day access to their money.
✅ Easy access, next-day withdrawals
✅ Competitive interest rate
✅ Available to sole traders and limited companies
✅ No minimum balance
✅ Deposits protected by FSCS up to £85,000
How do I open a Moneybox Business Saver?
You can open a Moneybox Business Saver from the app. Head to the ‘Accounts’ tab, tap ‘Add an account’ and follow the steps to open your Business Saver.
To be eligible you’ll need to be a UK-registered sole trader or limited company with a linked personal current account. There is no minimum balance required to open an account, though there is a maximum balance of £500,000 per account.
Please note, we may not always be able to accept new Business Saver applications. We’ll let you know if you can’t apply right now.
How does the interest work?
The Moneybox Business Saver pays a variable rate of interest, which means the rate can go up or down. Interest is calculated daily and paid monthly.
Please note, interest on the Moneybox Business Saver is not tax-free, so it may be subject to UK tax.
What happens to my money?
Your money is held with Investec Bank plc and protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per depositor per firm.
The Moneybox Business Saver is offered by Moneybox in partnership with Investec. Investec Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Moneybox is a trading name of Wealth Wizards Limited, which is authorised and regulated by the Financial Conduct Authority (FCA reference number: 736558). Registered in England & Wales (Company No. 08916135). Registered office: Lyric, 149 Hammersmith Road, London W14 0QL.