You – the Moneybox community – have definitely turned your money into something greater in 2023. It’s been amazing to see what we’ve been able to achieve together and we can’t wait to continue helping you build wealth with confidence in 2024, and beyond! But first, let’s dive into some of the highlights from this year…

 

Moneybox community in ‘23

 

 

You made your money work harder using the Moneybox app:

  • 98,000 of you maxed out your ISA allowance
  • Almost half a million earned govt. bonuses and tax relief

 

 

  • Altogether, you rounded up a staggering 4.6 million purchases
  • You sent more than 500 of your money questions in to Head of Personal Finance, Brian Byrnes

 

 

From first step to doorstep

This year we launched Housemates, a new feature which allows you to connect your Lifetime ISA with your buying partners and track your combined savings in-app – making it even easier to save for a deposit on your first home.

 

The average Moneybox home-buyer

 

We’re proud to say that more than 70,000 people achieved their dream of buying their first home by saving with Moneybox. Here’s how long the average Moneybox home-buyer saved with a Moneybox LISA, the most popular place they bought their home, and the average deposit those who used Moneybox Mortgages saved.

 

 

Could you be one of them in 2024? Open a Moneybox Lifetime ISA and get up to £1,000 free for your deposit each tax year!

 

Govt. withdrawal charge may apply. For S&S LISA, your capital is at risk

 

Explore Lifetime ISA

 

Investing for the future

It’s great to see even more of the Moneybox community started investing for their future in 2023,  despite a turbulent year financially for many. From newcomers to seasoned hands, there are now more than half a million people growing their money over the long term with Moneybox.

 

 

At long last, our Junior ISA took residence in the main Moneybox app, making it even easier to invest for your child’s future. We also launched JISA Gifts – an exciting new feature which allows family and friends to contribute directly to your child’s JISA.

Keep your eyes peeled for more exciting things to come for our investors next year. Ready to start investing in 2024? Open a Moneybox Stocks & Shares ISA with just £1!

 

Capital at risk.

 

Explore Stocks & Shares ISA

 

Building a retirement worth waiting for ️

It’s not easy to know where to begin when it comes to planning for retirement, but we’re so pleased to have helped our customers take their first steps by opening a Moneybox Pension and tracking down £2.4m in lost pension pots!

 

 

This year, we teamed up with the Pension Geeks to bring you our annual Pension Awareness campaign. It was brilliant to see thousands of you read blogs, join the webinar, and, most importantly, take control of your retirement by consolidating your old pensions and boosting your savings.

Join our community of people building a retirement worth waiting for in 2024 – it’s never too early (or late!) to start.

 

Pension & tax rules apply.

 

Explore Moneybox Pension

 

Saving in a way that suits you

It’s been an exciting year in the world of savings as we launched our brand new Cash ISA! It’s been our most popular product launch to date. Plus, we’ve been able to deliver market-leading rates on our award-winning Cash ISA and Cash Lifetime ISA. 

 

 

We were so glad to see hundreds of thousands of you take advantage of high interest rates to boost your savings. Take your savings to the next level in 2024 with a high-interest savings account.

For Cash ISA, rate is subject to conditions and includes a bonus rate for the first 12 months.

 

Explore savings accounts

 

 

Important to know

5.09% AER (variable) includes a bonus rate of 0.94% for the first 12 months. A lower rate of 0.75% AER (variable) applies if certain in-app conditions aren’t met. Interest is accrued daily and paid into your account yearly on the date you opened your Cash ISA. The rate is variable, and we’ll inform you if it changes.

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. Your account also needs to be open for 12 months before you can withdraw penalty-free for a house purchase. It counts as ‘open’ once you’ve made your first contribution. Tax treatment depends on individual circumstances and is subject to change.

All investing should be regarded as longer term (minimum 5 years). The value of your investments can go up and down, and you may get back less than you invest.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55). When deciding whether to transfer your pension, it’s important to compare the charges, investment options & benefits between Moneybox and your old provider. Moneybox cannot accept a transfer from a pension your employer is currently paying into. If you’re not sure whether the Moneybox Pension is right for you, you may want to contact a suitably qualified financial adviser for help.