Build your savings and get 0.25% AER with our new Simple Saver

Moneybox Simple Saver Account

• 0.25% AER variable.
• Interest is earned daily and paid on the 1st day of each month, rounded down to the nearest penny
• AER (annual equivalent rate) is the rate you will earn after a year, including compounding. The interest rate may change.

• Yes – the interest rate is variable, so it can go up or down
• We will inform you as soon as possible, via the Moneybox App, and by email of any change to the interest rate

• The estimated balance after 12 months would be £1,002.50
• This assumes that:
  • the account is opened with £1,000
  • No further deposits or withdrawals are made
  • The interest rate stays the same for the full 12 months

• The account is available to UK residents aged 18 or more
• You may only open and manage the account via the Moneybox App
• You may only make payments into the account via the Direct Debit arrangements managed via the Moneybox App
• Joint accounts are not allowed

• You can request one withdrawal per calendar month from the Simple Saver Account
• If you have already used your withdrawal for the month, the next time you will be able to withdraw is the 1st of the following month. If a withdrawal is not used in any given month, this does not roll over to the subsequent month.
• If you do request more than one withdrawal in a month, this will only be considered in exceptional circumstances.
• When you request a withdrawal, the funds will be paid to you on the next Business Day to your nominated bank account.
• You will not earn any further interest on money after it has been returned to us or while it is sent to you.