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Moneybox app: Lifetime ISA reviews

Name: Lifetime ISA
Rating: 4.96 (4241 reviews)

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4.95

Based on 4,241 reviews, last reviewed 3rd Dec 2024

100% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

96%

2 star

Latest highest rating:

4

Moneybox Lifetime ISA The Moneybox app is super easy to use when it comes to depositing funds and managing your accounts, but it goes a step further by providing guides and... Read more Reviewed on: 3rd December 2024

Latest lowest rating:

1

Less interest rate which is only half of the inflati... Less interest rate which is only half of the inflation rate. Caused me to erode my savings. Reviewed on: 27th March 2024

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About this product

Moneybox offers a Lifetime ISA via a partnership with Oaknorth, a UK regulated bank. If you've jumped on board with this Lifetime ISA, please share your review today on Smart Money People.

Moneybox app Lifetime ISA reviews (4241)

Review of the Moneybox app, Lifetime ISA:

Good rates

Simple and straightforward with best interest rate Reviewed on: 14th March 2023

Moneybox Lifetime ISA

The Moneybox app is super easy to use when it comes to depositing funds and managing your accounts, but it goes a step further by providing guides and resources to help with the process of buying a home. The wealth chart on the Lifetime ISA is a great motivator as it helps to visualise progression towards your goal, and there's an option to add a house buying partner to the 'housemates savings' section to see your combined savings total. You can set up a direct debit to deposit funds weekly or monthly which is handy if you want to get into the habit of regular saving, although it's not necessary if you prefer to deposit as-and-when; the app allows for this, but you will still need an active direct debit instruction between Moneybox and your paying bank, which seems a bit odd at first. The interest rate has recently come down to 3.8% - not fantastic, but the 25% government bonus on your deposits means it's absolutely worth considering if you're looking to buy your first home. Moneybox is a great choice for this ISA if you're happy to move away from the bricks-and-mortar banks. Reviewed on: 3rd December 2024

Offer a competitive interest rate.

Offer a competitive interest rate. Communication is good and informative. Having to set up a direct debit to deposit money is a bit strange though. Reviewed on: 23rd November 2024

Very helpful

Very friendly customer service - somethings weren’t too clear in terms of logistics of receiving money but the team were super helpful Reviewed on: 14th October 2024

Great app and clean design

The app is so easy to use, it makes checking my balance and progress so quick! And the design of the app helps with navigating around, Reviewed on: 28th August 2024

Brilliant app that’s helping me save to buy a house.

Brilliant app that’s helping me save to buy a house. Reviewed on: 23rd August 2024

Moneybox for all kinds of saving

Moneybox has been perfect for me to put away money for the future and watching it grow. The bonuses i have received are amazing. Although i am a low budget saver the little boosts really help. The app is easy to navigate. Adding money is simple and all features are clear and can be understood with ease. Money box also send email informing you of all changes, other types of savings. All information for each account is easy to read and accessible easy you do not have to hunt for answers. Reviewed on: 23rd August 2024

Moneybox LISA - Benefits no cons

Moneybox LISA is a great way to save money for your future, there is loads of options for accounts but i chose LISA as it cannot be dipped into. It has an excellent insurance rate and you can watch your money grow. i also like that you can watch your money grow and have a clear break down of what is going into your account, how you can improve savings and all interest that is added. It is easy to add money and if you are lucky to reach the target you will receive a huge bonus. They also have challenges at certain times to win a lump sum to add to your savings pot. The website is really user friendly (easy) and you are informed of any updates, new offers on accounts and changes in T&Cs. I would recommend this account to anyone who wants to save for their future house or retirement. You can also add a buying partner and that balance is separate to yours so you can easily see how much each person adds, perfect for couples interested in future purchases. Reviewed on: 19th July 2024

Really useful app, great and easy way to open and us...

Really useful app, great and easy way to open and use a lifetime ISA. There’s lots of great information and tools on the app to help with savings and planning for the future. Reviewed on: 3rd June 2024

Excellent service, however, app to be improved. .

Very useful app and excellent service. However, occasionally, information on the app is not very clear. Reviewed on: 31st May 2024

Moneybox app is easy to use, with clear information...

Moneybox app is easy to use, with clear information readily available, the customer service is also great, everyone is super friendly and capable of answering any queries. Highly recommend. Reviewed on: 29th May 2024

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