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Moneybox app: Lifetime ISA reviews

Name: Lifetime ISA
Rating: 4.96 (4240 reviews)

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4.95

Based on 4,240 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 (4240)

Review of the Moneybox app, Lifetime ISA:

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

Nice and easy

The app is really easy to set up and use, seamless when we came to actually using the ISA to buy our first house.. Reviewed on: 4th April 2024

Moneybox made me feel better about my financial future

My experience with Moneybox has been very positive so far making me keep opening an additional saving and/ or investing account every tax year as well as follow financial news. Reviewed on: 3rd April 2024

As a first time saver using a lifetime isa, Moneybox...

As a first time saver using a lifetime isa, Moneybox has helped to make the process completely stress free and effortless making it perfect for newcomers such as myself. From setting goals to tracking progress, and even providing future projections, it makes the task of buying my first home seem so much more achievable. Would definitely recommend. Reviewed on: 3rd April 2024

The Moneybox app is extremely useful.

The Moneybox app is extremely useful & user-friendly. The layout is great and you can clearly view the different products/ accounts on offer. Reviewed on: 3rd April 2024

Easy system to use, no issues and all is very...

Easy system to use, no issues and all is very clear Reviewed on: 3rd April 2024

Moneybox is fantastic!

Moneybox is fantastic! Such an easy-to-use app, already recommended it to others! Reviewed on: 3rd April 2024

Moneybox makes saving simple and effective

Moneybox makes saving easy to understand and has great incentives - special rates for meeting certain criteria in the accounts along with potential cash rewards Reviewed on: 3rd April 2024

My experience with the Moneybox app.

My experience with the Moneybox app has been nothing but amazing. I am a full time student and saving to buy a first house is extremely difficult for people our age. However, with the help of the Moneybox I am able to receive £1 from the government for every £4 I save! Plus, you receive interest on every single pound. It sounds too good to be true but it really is worth it. The only downside of the this savings's account is that you can't save more than £4,000 per tax year. Reviewed on: 3rd April 2024

used money box for lifetime ISA and the support was...

used money box for lifetime ISA and the support was good. anytime we had questions, i was able to ask the help and they will respond in a days time. Reviewed on: 2nd April 2024

Helped me save for my first home and the app made it...

Helped me save for my first home and the app made it easy and clear to do Reviewed on: 2nd April 2024

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