Before we set our goals for the year ahead, we wanted to reflect on how you’ve turned your money into something greater this year and the big milestones we reached as a community.
In the community
There are now more than 1.5 million of you! If you all chipped in £1 you could buy a 16-bed villa in Tuscany. Or, a one-bed flat in Hampstead.
- Someone downloads the app every 33 seconds
- Collectively, the Moneybox community spent more than 308 years in the app in 2024!
- Our customers saved £61 million with round ups this year
- On average, those with a payday boost saved £586 extra this year
From first step to doorstep
We’ve now helped you buy enough homes to populate Camden Town! The hot spots to buy in were London, Manchester, and Bristol.
Is working towards becoming a home-owner on your 2025 vision board? Get up to £1,000 free for your deposit each tax year with a Lifetime ISA (plus, a market-leading rate!). On average, our Lifetime ISA customers received an extra £3,534 towards their deposit thanks to their Lifetime ISA government bonus.
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. All investing should be long term (min. 5 years). The value of your investments can go up and down, and you may get back less than you invest.
Our support doesn’t end when you’re handed the keys to your new home. This year we launched Home Wealth, which makes it easy to see your mortgage details in the app and track your equity over time.
Investing for the future
This year we wanted to make investing even easier with a brand new projections tool, which shows how your investments could grow over time.
So it was great to see more of you investing to turn your money into something greater. This year, we submitted 40,775,312 trades for you!
After a very strong year, Nvidia climbed the ranks from fourth position and took place as your most popular US stock to invest in – knocking Tesla out of the top spot. Apple dipped to fourth place and Meta is out of the top five altogether, replaced by Microsoft which has had a good year thanks to investor excitement around its investment in OpenAI (the company behind ChatGPT), as well as demand for its cloud computing services and productivity software.
Ready to become an investor in 2025? Open a Moneybox Stocks & Shares ISA with just £1 and invest in some of the biggest US companies from as little as £5 (and you won’t pay any commission.)
All investing should be long term (min. 5 years). 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.
Save your way
This year we were incredibly proud to be named a Which? Recommended Savings provider. It’s a testament to our commitment to you, the Moneybox community, on providing the best service, products and experience to help you build wealth with confidence and turn your money into something greater. As a Which? Recommended Provider for our savings accounts, you can know your money is in the best hands.
Plus, we were able to deliver an increased rate of 5.00% AER (variable) on our popular Cash ISA. Give yourself a leg up on your savings goals with a high-interest account.
For the Cash ISA, a lower interest rate of 0.75% AER (variable) applies whenever your account balance is less than £500. The Simple Saver account lets you withdraw once per calendar month.
Building a retirement worth waiting for
There’s more lost pensions in the UK than ever, so it was brilliant to track down and consolidate almost 30,000 pots for you this year. Plus, we helped you with almost 40,000 of your pension questions. Planning on a new career move next year? Don’t forget to bring your pension with you!
It’s not easy to know where to begin when it comes to planning for retirement but Moneybox makes it simple. Take the first step today by opening a Moneybox Pension.
As with all investing, the value of your pension 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.
Behind the scenes
It’s been a year of amazing milestones for us, too:
- Hit £10 billion in assetsAn asset is anything that holds value and which can be bought and sold freely. under management
- Campaigned for first-time buyers at the Labour Party Conference
- Welcomed two new investors, Apis Global Growth Fund III SCSp and Amundi, joined our investor base valuing Moneybox at £550 million
- Replied to more than 700,000 queries from customers
- Recognised by you and the industry
- Which? Recommended Providerin the Savings category
- Ranked #23 in Deloitte Fast 50
- British Bank Awards Best Investments Provider (for a second year in a row)
- Remained carbon neutral for a fifth year
2025 and beyond
We’re excited to end the year with the introduction of some changes to the Moneybox brand.
We’re proud to be helping more people than ever work towards more of their goals, and want to make sure our brand is future-proofed as we continue to grow with our customers.
Our mission has always been to create a service that helps people build wealth with confidence so they can create the life they want, from saving for your first home in your twenties, to taking the gap year you never got round to in your sixties. As we look to the new year, that mission remains the same and we’re excited for you to start exploring the new Moneybox app experience.
We’re starting with some updates across our colours, fonts and illustration style. Over the coming weeks and months we’ll be building on these changes, making more updates and improvements from design upgrades to further support and guidance.
Important to know
*You will earn this reward rate if you either: have a balance above £0 in a qualifying Moneybox account, which includes: Cash ISA, Stocks & Shares ISA, Lifetime ISA**, Junior ISA, Personal Pension, or; have a Reward Savings Account that hasn’t been cancelled.
**If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months or until 13/02/2025, whichever date is later.