Saving for your goals is a key step toward financial freedom. But when you have a large amount of money in one place, it’s natural to wonder, “is my money safe?”
You’ve worked hard for every penny, and we believe you deserve total peace of mind. Here’s why you can save with confidence with Moneybox.
FSCS protection
Let’s talk about FSCS—the Financial Services Compensation Scheme. This UK wide scheme exists to protect customers of UK financial service firms, providing consumers with a safety net if they fail, or go out of business. If a company you’ve been dealing with has failed and can’t pay claims against it, the FSCS may step in to pay compensation.
Any money you have with a UK-authorised bank or building society is protected up to a limit of £120,000 per person.
A common misconception is that this limit applies per account. It actually applies per person, per firm. This means if you have a Cash ISA and a regular savings account with the same provider, your total savings across both accounts are protected up to £120,000.
Some providers (like Moneybox) use multiple banks for their Cash ISA customers’ fundsFunds, also called ‘tracker funds’, are financial instruments that have been set up to match or ‘track’ the price of a market index. Investing in a fund lets you get exposure to different financial assets like shares and bonds, without having to buy them directly.. Moneybox deposits your money with third-party banks that are covered by the FSCS. We also ensure that we never hold more than 50% of our customers’ funds with a single bank at any one time, adding an extra layer of diversification and protection. So, if you have more than £120,000 with us, your money is spread across multiple banks. For more information, read our FSCS page.
Trusted and award-winning
Saving with us means consolidating your finances in a platform designed to help you reach your goals faster. You’ll get our award-winning service, a seamless user experience, and the peace of mind that comes with knowing your money is safe.
We’re proud that since launching the Moneybox Cash ISA, we’ve:
- Grown a community with hundreds of thousands of savers choosing us to grow their wealth
- Helped savers to get more out of life, paying nearly £295 million* tax-free interest into Cash ISA accounts
*Source: Moneybox, September 2025.
And, our commitment to our customer’s financial wellbeing is backed by feedback from real people:
- Trustpilot Rating: Our customers consistently rate us as “Excellent” on Trustpilot. We’re proud to have a 4.4-star rating from over 3,000 reviews, with 80% of those reviews being 5-star. (As of 29/09/2025)
- Award-winning: We’re not just an app; we’re a leading platform in the industry. We’ve proudly won awards as the Boring Money Best App and Best Investment Provider at the British Bank Awards three years in a row (2023, 2024, and 2025), and be a Which? Recommended savings provider.
Boring Money Best App 2025