Earn 3.50% AER (variable) with next-day access

  • Build your savings with a Moneybox Simple Saver
  • Boost your interest rate to 4.50% AER (variable) by opening a qualifying Moneybox account*
  • Enjoy next-day withdrawals (max one per month)
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Simple way to save

  • Earn 3.50% AER variable with the Moneybox Simple Saver. Build your savings and easily access your money when it suits you with one withdrawal per month.
  • Boost your interest rate to 4.50% AER (variable) by opening a qualifying Moneybox account*. Eligibility criteria applies.
  • Build your savings and enjoy next-day withdrawals, with a maximum of one per calendar month.
  • Deposit up to £85,000 with no account fees or charges.

What else should I know about the Moneybox Simple Saver?

  • Money in the Simple Saver is deposited with a panel of third party banks. Eligible deposits will be protected by the Financial Services Compensation Scheme up to £85,000 across the total amount of money you have with each third party bank, whether deposited direct with the bank, or through Moneybox or an alternative provider. Please see our FSCS page for details.
  • Withdrawals are limited to one per calendar month.
  • Withdrawals will be paid into your nominated bank account on the next working day.
  • Interest is calculated daily and paid into your account each month. We will keep you updated of any changes to the interest rate.

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Questions & answers

If you have any questions, please chat to us in the app or email us via
support@moneyboxapp.com.

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Simple Saver reward rate

You won't pay any monthly subscription or platform fees with the Moneybox Simple Saver.
You can earn a reward rate by keeping your balance above £0 in your qualifying Moneybox account(s)*.

Everything you
need to know

Simple Saver

Underlying interest rate

  • 3.50% AER variable
  • Interest is earned daily and paid on the 1st day of each month, rounded down to the nearest penny

Total reward interest rate

  • 4.50% AER variable
  • Interest is earned daily and paid on the 1st day of each month, rounded down to the nearest penny
  • You are eligible to receive the total reward rate if you meet the following criteria:
    • have a balance above £0 in a Moneybox Cash ISA, Stocks & Shares ISA, Junior ISA or Personal Pension, or;
    • hold, or have previously held, a balance above £0 in a Moneybox Lifetime ISA without exercising your cancellation rights. If your balance in your Lifetime ISA drops to £0 then you are eligible to keep the reward rate for 12 months following this or until 13/08/2025, whichever date is later.
    • hold, or have previously held, a Reward Savings Account without exercising your cancellation rights.
      See the “How do I qualify for the reward rate?” section of the Key Features Document for more information.
  • Yes – the underlying and total reward interest rates are variable, so they 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 or eligibility criteria. If the rate goes down we will inform you at least 14 days before the rate or eligibility criteria change is detrimental to you.
  • Interest is received from the panel of third party banks where your money is deposited, which is passed on to you by Moneybox. If the interest received from the bank is more than the rate shown above, we will pass any additional interest received to you. If the interest received from the bank is less than the interest rate shown above, we will pay any difference to ensure you receive the advertised rate.

If earning the underlying interest rate:

  • The estimated balance after 12 months would be £1,035.00
  • 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

If earning the total reward interest rate:

  • The estimated balance after 12 months would be £1,045.00
  • This assumes that:
    • The product is opened with £1,000
    • No further deposits or withdrawals are made
    • The interest rate stays the same for the full 12 months
    • You meet the eligibility criteria of the reward rate 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 product.
  • 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.

To earn the reward rate on your Simple Saver savings account, you must satisfy at least one of the below eligibility criteria:

  • have a balance above £0 in a Moneybox Cash ISA, S&S ISA, Junior ISA or Moneybox Pension;
  • hold, or have previously held, a balance above £0 in a Moneybox Lifetime ISA without exercising your cancellation rights. If your balance in your Lifetime ISA drops to £0 then you are eligible to receive the reward rate for 12 months from the date your balance dropped to £0 or until 13 August 2025, whichever date is later; or
  • hold, or have previously held, a Reward Savings Account without exercising your cancellation rights.

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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