Moneybox

as of 25/02/2021 at 9:33 am

Holly's view

Nice, easy to use, simple to open an account and use. Moneybox has found a niche for those who want to start investing with minimum fuss, on an app - and make it easy! I personally think it's a little annoying I can't see more about where my money is invested, if I try and dig. But I'm probably not their target market so I will say no more about my Boomer grizzle! Customers love it and it's a very low-touch way to dip a toe into the world of investing and ISAs. Nice. Parents - tell your (18+) kids?

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 46 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Lifetime ISA

Investment Account

Pension

Investments available

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 range from 0.57-0.75% a year plus a £1 a month subscription fee. The percentage fee is made up of 0.45% for the platform administration and a fund charge ranging from 0.12-0.30% – the Cautious option will be cheaper than the Adventurous option as shares cost a bit more to manage.

Important Facts & Figures

Provider Size:

Growing start-up with some big friends under the bonnet

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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