Business Saver

All topics Business Saver What is the Moneybox Business Saver?

What is the Moneybox Business Saver?

The Moneybox Business Saver is currently closed to new customers.

The Moneybox Business Saver can be used to earn an interest rate of 3.50% AER (variable) on your business cash reserves with no fees or charges. 

To be eligible to open a Business Saver, you’ll need to be a sole trader or director of a limited company registered with Companies House and operating within the UK. Further information on eligibility can be found here. 

The minimum deposit to open a Business Saver is £500. You can deposit up to £1 million, and interest is earned daily and paid on the first of each month. 

You can request one withdrawal per day by heading to Settings > Withdraw. Once requested, your withdrawal is processed and paid into your linked bank account on the next working day. 

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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