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Moneybox Review

as of 30/10/2019 at 11:55 am

Holly's view

A lovely app for the newcomers to investing who have little to no interest in how their money is actually put to work behind the scenes. This service is mobile-first, super engaging, actually very clever in terms of presentation and content, but built on just three very basic and vanilla investment options.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Truly mobile-first

Super engaging

Limited investment choice

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Your overall rating

Based on 13 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Lifetime ISA

Investment Account

Investments available

Funds from other groups

Ethical investments

Investment help

Robo advice / ready-made portfolios

The 'Geeky' Details

Provider details

There are three core investment choices in Moneybox: the Cautious fund; the Balanced fund and the Adventurous fund.

Costs are an average of 0.68% a year plus a £1 a month subscription fee. The 0.68% is made up of 0.45% for the platform administration and an average of 0.23% for the funds – the cash option will be cheaper than the Adventurous option as shares cost a bit more to manage.

Important Facts & Figures

Provider Size:

Small start-up but has some big friends under the bonnet

12 month indicative performance:

Dated performance availability online. From 1.1% to 9.1% in 2017.

Your Questions

"I've got a Stock and Shares ISA with Moneybox. I recently invested a £5000 lump sum with them, and I'm making regular weekly investments of £75. When I invested the £5000, the share price was quite high based on the performance of the fund. I'm just wondering whether I made a mistake investing the lump sum in one go, and whether I should have drip fed it into the account in the same way as my weekly deposits? If so, should I withdraw and start to drip feed it back in?"

Tim, West Midlands

05/04/2019

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