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Independent, no-nonsense ratings and reviews
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?
Beginner Investor
Truly mobile-first
Super engaging
Limited investment choice
Love how user friendly it is! So simple to use and good value for money
15/02/2021
Love the app. Easy to invest and keep an eye on your money
15/02/2021
Great App. Easy to understand and use
15/02/2021
Brilliant, easy to use.
15/02/2021
Very good experience so far as a new customer. Prompt and efficient.
13/02/2021
Great way to save and invest!
13/02/2021
No comment.
12/02/2021
As a first time investor saving limited spare cash towards my son's university fees, I really enjoy using Moneybox. I can easily see how my investment is performing, giving me the confidence to leave my money where it is, knowing I can withdraw it any time. Since they revamped their website this year it is more user friendly and the chat customer service is always first rate.
12/02/2021
Only dealing small fry at the moment, love the friendly pages and the updates. Really glad I got on board with moneybox as they have taken the scariness away and make you feel important. Looking forward to seeing where I can take it to in the future :)
12/02/2021
Great product! Definitely recommend 👌
12/02/2021
It’s a great app and has helped me a lot
12/02/2021
It’s a great app and has helped me a lot
12/02/2021
Good app
12/02/2021
Great app. Clear and simple
12/02/2021
Love the products and the ease of investing.
12/02/2021
Absolutely love everything about it from the easy and slick UI to the overall quality of the products and services!
12/02/2021
I've been using Moneybox for years now, and can truly say it's the app that helped me take the leap into investing, and even made my personal finances more enjoyable. The app makes it easy (and less daunting than many other providers) to get started through its starter options, and it's simple to track my progress in the app. Features like the time machine is a true motivator to boost that weekly or monthly deposit when I can. As Moneybox has increased its offering I've also enjoyed having more of my financial products in one place, including my pension.
12/02/2021
No comment.
12/02/2021
Very intuitive user friendly app, making investing accessible for everyone. It's automated investing and saving let's you save and invest without realising, thus making it easy to make a saving habit. I have a S&S ISA, Cash Lifetime ISA, Personal Pension with them. I love that you can see all of them in one app. I have been with them for 2 years and it' the best decision I have ever made.
12/02/2021
I signed up for a Moneybox stocks and shares LISA in 2020 and have found it a really good service so far. The format of the app makes it so easy to use, and I've learnt so much useful info about buying my first home through the articles in the discover section.
12/02/2021
Very simple to use. A great idea for both long and short term investment. The customer service teams are friendly and quick to help. I have used moneybox for a few years and I have never had any issues with the app itself. Would definitely recommend to those looking to build up a savings pot or investments.
12/02/2021
This is slick and easy to use. Hard to fault the app. My one niggle is that it's almost impossible to see where my money is actually invested and to understand the performance/ compare it with others. It should be easier to find this out for those who are interested? Feels a bit untransparent. But super easy to use and am generally happy.
12/02/2021
Easy app to use. Access to daily information about how the fund is doing is quite addictive. Good rate of increase despite the times we are in The Reviewer is pre-retirement age.
05/02/2021
26/12/2020
Really good app. Makes saving easy to do and easy to understand. Tracked down my pensions easily enough too. Can’t recommend highly enough to be honest!
12/12/2020
06/12/2020
Really easy to use app, able to pick ethical investments or the general range. Like that they start with 3 investment paths but you can tweak the percentages for more control. Only really annoying thing is you can’t change your bank account for a plan without sending statements etc
28/10/2020
Easy to use app. It has sparked my interest in stocks and shares performance. Easy to check how it is performing - in fact it becomes addictive!
23/10/2020
Easy to use app. Clear explanations.
16/10/2020
Easy to use app, kept up to date frequently and good value for money.
16/10/2020
Really handy, easy to use app for saving and those who want to try investing for the first time.
16/10/2020
Great entry product for first time investor without much spare cash. Using round-up makes saving painless and having an ethical investment option is great. Only criticism is that they have just had a major website relaunch which not only has failed to introduce any additional functionality, such as graphs showing your investment history, but has made finding round-ups harder.
23/01/2020
Great, extremely easy and well laid out app to encourage daily/weekly/monthly savings, from a few pence round ups (you never notice them!) to weekly or payday top ups. It has increased my interest in the savings market, and I enjoy checking to see what the interest rate on my savings currently is. This has been a pain-free way of saving some money for a rainy day.
03/01/2020
Slick and easy for those of us without the knowledge or inclination to investigate more sophisticated options. Flawless mobile app, and your account links to your bank account, rounding up debit card transactions and direct debits to the next whole pound, and investing the change. This is debited weekly, and you have full visibility of what is coming out of the account and when. Increasing or decreasing your contributions is just a couple of t I’ve been doing this for just over a year now. Just shy of £2,500 sitting there after a year, with little conscious effort, and 3.6% growth.
23/10/2019
An easy way to save a little from rounding up spending - it’s amazing how it adds up. I like the mobile website - it makes me more interested in seeing how the shares are performing.
26/07/2019
Superb App. It is so easy to use and my returns are currently around 7%! Great tie ups with other businesses that let you earn money from buying stuff!
13/06/2019
The most engaging money/banking/investment service I've come across. I think they've nailed the behavioural change piece by making it really easy to invest little and often. They also do a great job on the education side; simplifying complex investing concepts and decoding financial jargon. It's not cheapest option but I think they deserve massive credit for reducing the barrier to entry and making investing relatable and fun. I'm a big fan!
26/04/2019
Great App - fun and engaging and makes you save more money per month (as it's weekly collect) than possibly you would if DD was monthly. App is easy to navigate and fun to use.
15/02/2019
Simple, clean app Good features Use it as a plaything as I prefer execution only. More investment choice
19/12/2018
19/12/2018
Great app! Great service!
27/11/2018
It's a really simple, easy-to-use app that has got me investing! They make it possible for anyone to start and share lots of helpful info that demystifies the complex world of money.
26/11/2018
Great service. Makes investing simple.
26/11/2018
No comment.
17/11/2018
No comment
08/11/2018
I like the online app - top ups from expenditures in the Moneybox app. The value of the shares and the charges could be improved. I was encouraged to become a customer by a media article (e.g. an online/magazine review).
07/11/2018
What's good about it?
Opening an account was slick and easily done on a mobile.
All the more cumbersome documentation and details are kept until the very last minute, which is clever. But even then it’s not much more than knowing your National Insurance number.
It is relatively easy to provide your banking details so the Moneybox app can get to work rounding up your loose change. We don’t know how secure the tech is behind the scenes on this but it’s read-only access so it feels OK.
There are also really simple projection tools which give you a tangible idea of how saving an extra £10 a week could boost long-term savings.
This is one of the few investment services which truly feels mobile-first. It is slick and easy to sign up and add money to your investments. The only downside is that if you want to find out more information about the underlying investment choices it is not that easy to do so.
There are three main investment options for customers: Cautious, Balanced or Adventurous. These portfolios are now more diverse; made up of different funds, where they used to be a blend of a select three.
The Lifetime ISA and Junior ISA are interesting additions to the service. Just be careful with Lifetime ISAs and picking the more adventurous options - be sure your timeframes are aligned.
Stocks and Shares ISA
Junior ISA
Lifetime ISA
Investment Account
Pension
Robo advice / ready-made portfolios
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.
Provider Size: | Growing start-up with some big friends under the bonnet |
"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
Read our replyI'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
Hi Tim,
There is a myth around drip-feeding into an investment that it is always the better plan.
First, many investors don’t have large sums to invest, and would rather invest monthly amounts of say £100. This is an excellent way of building up an investment pot over many years.
Some investors who have a lump sum to invest also like to drip feed this money in.
It is more about investors emotions and loss aversion.
Many don’t like the idea of investing £100,000 all at once. They worry that the market might suddenly fall.
Some may divide their sum into four, and deposit the investment in stages. If this gives you peace of mind, then that’s fine.
However as markets generally go up more than they go down, statistically you are more likely to lose out by drip feeding a lump sum in the market, than investing it all at once. Of course there are exceptions like 2008, but they are near impossible to forecast!
Finally, don’t mess around with the investment once you have made it!
We are not regulated to give personal financial advice - This isn’t full-fat regulated financial advice. Boring Money is a publisher and not regulated by the FCA.
This means we can't help with specific personal circumstances or recommend specific investment products. It also basically means that if we say something daft, you have no recourse to come back and complain.
We’re only allowed to give you a steer or share an opinion or tell you the facts - That said, we promise that our answer to you is an independent unbiased perspective with no commercial gain to make. If you need regulated financial advice, you can find a good adviser via sites such as Unbiased & Vouchedfor.
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