Opened a help to buy ISA with Santander. It is a good savings account to have as it will help me with buying my first home, however the interest rate is very low and you do not get to see your 25% bonus until you are using the money. This makes it less motivating to save as it doesn’t feel like you get many benefits from having this account compared to other savings accounts (Moneybox Lifetime ISA)
Reviewed on: 5th February 2024
Great easy way to save money. Currently saving for future housing costs associated with buying my first home, Money box offers decent interest rates and regular bonuses as rewards for depositing money. This helps me save more as I am getting more back in return and can actually see the rewards being added to my account, this is something I think a lot of other banks don’t offer.
Reviewed on: 5th February 2024
Great incentive to save for buying your first home.
5
Great incentive to save for buying your first home. By showing your monthly bonus on your account each month it helps motivate saving (which isn’t always easy). Moneybox has really helped me kickstart saving for a house deposit and the app is very easy to use. They offer great advice and tips to help saving too - have recommended this to friends and will continue to do so
Reviewed on: 5th February 2024
