A lovely investment app
For newcomers who have little interest in how their money is put to work behind the scenes. Mobile-first, super engaging, clever presentation.
Boring Money Review of Moneybox LISA
Holly Mackay'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?
Holly has accounts with all the providers on our website and independently reviews all of them.
Customer Reviews of Moneybox LISA
We collect reviews and share feedback from real users to give you the best information about providers.
30 June 2023
It's got a great round up feature. But theres not a lot of options for investing
29 June 2023
Reliable service, easy to manage, friendly communication
29 June 2023
really easy service and good customer service
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Is Moneybox LISA right for you?
Ease of use
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.
Mobile & Apps
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.
Facts, Fees & Behind the Scenes at Moneybox
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.
What investments are available on Moneybox?
Products
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