Savings Interest Rates, Switch Offers and Guides for Moneybox

Who they are

Moneybox launched in 2016, making waves with a round-ups feature that helped people start saving with their spare change. Since then it has grown considerably. Today, Moneybox has brought saving, investing, home-buying, and retirement services together into one app. It is now the UK's biggest Lifetime ISA provider , and has over 1.5 million customers with more than £16 billion in savings.

Moneybox is not a bank in its own right. For all of its savings products, Moneybox deposits your money with third-party banks, which are covered by the FSCS - meaning in the event one of them fails, you would be eligible to claim up to £120,000 per person per bank. The DepositScout data confirms this £120,000 protection figure applies across all the savings accounts listed here. Worth noting: if you already hold money directly with any of Moneybox's partner banks, those balances count toward the same limit.

Savings accounts

Moneybox offers a range of accounts worth considering, depending on how much flexibility you need.

On the ISA side, the Moneybox Cash ISA currently pays 4.00% AER variable on balances of £500 or more, which includes a 0.55% introductory boost running for 12 months on top of a 3.45% base rate - so diary that end date. If you want unlimited withdrawals and can start from £1, the Open Access Cash ISA is an alternative, though the rate is lower. For first-time buyers aged 18-39, the Cash Lifetime ISA stands out: it pays 4.80% AER variable (including a 2% boost for 12 months on a 2.80% base), and on top of that the government adds a 25% bonus on everything you put in, up to £1,000 free per tax year. That combination is hard to beat for someone saving a house deposit.

For non-ISA savers, the Simple Saver is easy access with one withdrawal per month, while those happy to wait can choose from a 32 Day Notice Account, a 90 Day Notice Account, or a 95 Day Notice Account, each offering progressively different trade-offs between rate and access. A 1 Year Fixed Rate is also available for savers who want to lock in a rate and leave it alone. All rates are variable except the fixed-rate bond, and all accounts carry the £120,000 FSCS protection noted above.

Is it right for you?

Moneybox suits savers who want everything in one place and prefer an app-driven experience over a high-street branch. Features like automated regular deposits, payday boosts, and round-ups on spending make it genuinely useful for building saving habits. The Lifetime ISA is particularly strong - Moneybox has already helped over 100,000 people buy their first home.

The main things to watch are the bonus structures. Several accounts here include a time-limited rate boost, meaning the headline figure applies for 12 months and the underlying rate kicks in after that. That is not unusual in the market, but it does mean staying on top of when each bonus expires.

There are no current account switching offers available from Moneybox at this time.

As ever, rates change - use the live figures on this page to compare what Moneybox is paying right now before you decide.