Moneybox review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Moneybox suits UK savers who want a cash ISA alongside a low-fee investing account, especially anyone building a deposit for a home purchase. Its headline rate of 4% is variable, so the pace of return can shift, and the withdrawal rule can push balances to a much lower rate.
Key facts
- Best for
- One app for a cash ISA, a SIPP and a starter portfolio.
- Headline rate
- 4%↗
- Rate type
- Variable↗
- Minimum deposit
- £500↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- 3 withdrawals a year without impacting your rate; a lower rate of 0.75% AER (variable) applies if balance is below GBP 500 or you make 4 or more withdrawals in 12 months↗
- Monthly fee
- £0↗
- Account kind
- ISA↗
- Regulators
- Financial Conduct Authority↗
- Legal entity
- Digital Moneybox Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2015↗
- Support channels
- Help-centre↗
- Pricing model
- No monthly fee
- Official website
- moneyboxapp.com
Robo-advisors
Mortgages
- Purpose
- Purchase, Remortgage, First-time-buyer↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
Pros and cons
Pros
- A 4% variable rate, above the savings median of 3%.
- Monthly fee of £0, so no standing charge.
- Deposits covered by FSCS up to GBP 85,000.
- Investments from £1 at a 0.15% management fee.
- Support runs on a help centre rather than a phone line.
Cons
- The rate is variable, so nothing is locked in if rates fall.
- Exceeding the withdrawal allowance or dropping under the balance floor cuts the rate sharply.
- Support runs on a help centre only, with no phone line listed.
- The cash ISA asks for a minimum deposit of £500.
Who it suits
- UK savers who want tax-free cash and a SIPP in the same place
- Beginners investing a small monthly amount
- People saving towards a purchase, a remortgage or a first home
Who should look elsewhere
- Anyone wanting a guaranteed rate, since variable means the rate can move
- Savers who expect frequent withdrawals, given the access terms
- People who want phone support, as help is a help centre
Deposit protection
Moneybox is authorised by the Financial Conduct Authority, and its reference number is 712935. Cash held in the account is covered by FSCS up to GBP 85,000, so eligible balances sit within the UK deposit protection limit rather than being exposed to the provider itself. That scheme covers deposits, and any investments held alongside are listed under FSCS up to GBP 85,000. The regulatory status matters for readers weighing safety of the money: the account sits with a regulated provider rather than an informal savings platform, and the protection is stated on the provider's own material.
Access to your money
Access is governed by a withdrawal allowance rather than an at-call account. You can make a set number of withdrawals a year without affecting your rate. Beyond that, or if your balance falls under the stated floor, a much lower variable rate applies instead. That suits a saver who pays money in and leaves it, and it suits a first-time buyer building a deposit over time. It does not suit anyone who treats the account as a current account, because the lower rate applies to the balance rather than only to the amount taken out. The account is a isa, so its access rules differ from an easy-access account, and the rate is a variable rate that can move with market rates.
Rates and card terms
The headline rate is 4% and the rate type is variable, so the number you see is not guaranteed for a fixed term. How long you leave the money in is your choice rather than a commitment made by the provider. Set against the wider market, the savings median headline rate is 3% and the top quartile reaches 4.15%, which places this rate among the stronger offers without sitting at the very top. The account runs on a no-monthly-fee model, and the rate quoted applies while the withdrawal allowance and balance conditions are met.
The company behind it
The provider is Digital Moneybox Limited, based in the United Kingdom and founded in 2015, so it is a relatively young business rather than a long-established high street brand. It is authorised and regulated by the Financial Conduct Authority under reference 712935. Support is offered through a help centre, which suits readers who are comfortable sorting questions themselves in writing but less suitable if you want to pick up the phone. The company also runs the investing and pension side alongside the cash account, which is why the same app covers an ISA, a SIPP and a managed portfolio.
How Moneybox compares
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Where Moneybox is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (712935), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the Moneybox cash ISA pay?+
The cash ISA pays a headline rate of 4%, and it is a variable rate, so it can move with market conditions rather than being fixed for a term. The account also runs on a no-monthly-fee model, so the rate is not reduced by a standing charge. Keep the balance above the stated floor and stay within the withdrawal allowance, and that rate continues to apply.
Is my money protected if Moneybox fails?+
Deposits are covered by FSCS up to GBP 85,000, the UK deposit protection scheme, up to the stated limit. Moneybox is authorised by the Financial Conduct Authority under reference 712935, so it operates as a regulated provider rather than an informal savings platform. Investments held in the same app sit under FSCS up to GBP 85,000.
How many withdrawals can I make without losing my rate?+
Access terms allow a set number of withdrawals a year before your rate is affected. If you go over that allowance, or if your balance drops below the stated floor, a much lower variable rate applies to the account. That makes the account better suited to money you are leaving to grow than to money you treat as spendable in the short term.
Is there a monthly fee on the account?+
There is no monthly charge, listed as a monthly fee of £0, and the account runs on a no-monthly-fee model. Costs come down to the rate you earn and the conditions attached to it rather than a standing deduction. The investing side carries its own charge, a management fee of 0.15%, which applies to portfolios rather than the cash account.
What is the minimum I need to start investing?+
The minimum investment is £1, low enough for a small first contribution. Portfolios come in etf and esg options, so you can choose between a broad tracker style and a sustainability-focused one. The cash account and the investing account have different entry points: the cash ISA asks for a minimum deposit of £500.
Can I hold a pension as well as an ISA at Moneybox?+
Yes, the range includes isa and sipp, so a cash ISA and a SIPP can sit together under one provider. The SIPP carries a management fee of 0.15% rather than the cash account's monthly fee of £0, so the two price differently. Holding them in one place simplifies the admin, though the pension wrapper has its own charges and rules.
What support can I get if something goes wrong?+
Support is offered through a help centre, so written self-service guidance is the main route offered. No phone line is listed among the support channels, so readers who prefer to talk a problem through may find another provider a better fit. The provider is a UK entity based in the United Kingdom, authorised under reference 712935.
Who is the Moneybox cash ISA suited to?+
It fits UK savers who want a cash ISA and a SIPP in one app, with a cash minimum deposit of £500 and investments from £1. It also suits people saving towards a purchase, a remortgage or a first home, given the stated purposes. It suits less well if you need a guaranteed rate, since the variable rate can fall.
Sources
- find-and-update.company-information.service.gov.uk/compan... checked September 26, 2026
Backs: Founded
“Incorporated on 19 May 2015”
- moneyboxapp.com checked September 26, 2026
Backs: Deposit protection, Headquarters, Investor protection, Legal entity, Minimum investment, Regulators, Licences
“Moneybox, 1-2 Hatfields, London, SE1 9PG ... registered in England and Wales, no. 09597755.”
- moneyboxapp.com/home-buying checked September 26, 2026
Backs: Purpose
“Reach your deposit goal faster, find out how much you can borrow, and get advice from our trusted mortgage partner. ... With expert support and access to 12,000+ deals from over 90 lenders, our...”
- moneyboxapp.com/cash-isa checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Support channels
“3 withdrawals annually without impacting your rate. ... A lower rate of 0.75% AER (variable) applies if account conditions aren't met.”
- moneyboxapp.com/cash-isa checked September 26, 2026
Backs: Account types
“Cash ISA, an Open Access Cash ISA, a Stocks & Shares ISA, and Lifetime ISAs”
- moneyboxapp.com/isa checked September 26, 2026
Backs: Management fee, Portfolio types
“Moneybox funds Service fee Charged monthly. 0.15% (other providers' funds 0.45%)”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.