What savings accounts does Moneybox offer?
We currently offer three types of savings products – notice savings, fixed rate and regular access.
With Notice Accounts, you need to give us notice before you take your money out, and in exchange these tend to offer higher interest rates compared to the regular access savings products.
We offer three Notice Accounts – a 32 Day Notice Account, 90 Day Notice, and a 95 Day Notice Account. Depending on which account you choose, you’ll need to give either 32, 90, or 95 days notice to make a withdrawal. Once you request a withdrawal in the app, after your notice period has passed, you will receive your money on the next working day.
Our 32 Day Notice Account has a rate of 3.56% AER (variable), and is powered by Investec. Our 90 Day Notice has a rate of 4.0% AER (variable). Our 95 Day Notice Account is also powered by Investec and has a rate of 3.83% AER (variable).
We also offer an account without a notice period – the Simple Saver. Any withdrawals made from this account are paid the next available working day, however you are limited to one withdrawal per calendar month. This account currently offers a rate of 2.40% AER (variable). You can also earn an additional reward rate of 1% (variable) on your Simple Saver – check our website here to see whether you qualify for this reward rate.
If you’d prefer a fixed interest rate, our 1 Year Fixed Rate offers 3.75% AER for 12 months. When a 1 Year Fixed Rate is available to open, you’ll have a limited funding window to make payments. Money you pay in is locked away earning interest and can’t be withdrawn until the access date shown in the app, so you should only add money you won’t need to touch again until the term ends. Please note this product is currently only available to existing customers.
All of our cash savings accounts are also fully FSCS protected for up to the applicable deposit limit per bank. Please note that this limit is per bank, meaning any other savings you have with banks holding your balance will also count towards that limit. You can find more information on how the FSCS protection works and the partner banks we use here.