If you’re looking for an easy way to start saving and investing, Moneybox promises to do just that—without the hassle. It’s designed to help beginners save effortlessly through round-ups and automated deposits, while also offering Stocks & Shares ISAs, Lifetime ISAs, pensions, and even U.S. stock investments.
But is it actually worth using? Here’s my full, unfiltered review after testing it out.
📌 What is Moneybox?
Moneybox is a finance app designed to help people save and invest with as little effort as possible. It started with a simple idea: rounding up your spare change and investing it automatically. Since then, it has expanded to offer a wide range of savings & investment products, including:
✅ Round-up savings – Every time you spend, Moneybox rounds up your purchases and saves or invests the spare change
✅ Stocks & Shares ISAs – Tax-efficient investing for long-term growth
✅ Lifetime ISAs (LISA) – Save for your first home or retirement with a government bonus
✅ Junior ISAs (JISA) – Long-term savings for your child’s future
✅ Pensions – Combine & grow your retirement savings in one place
✅ Savings accounts – Earn interest with easy-access & fixed-rate savings options
✅ U.S. stock investments – A curated selection of 20+ major U.S. stocks (Amazon, Tesla, etc.)
👀 First Impressions & User Experience
From the moment I opened the app, Moneybox felt clean, simple, and beginner-friendly. It’s designed for people who might not know much about investing, but want a straightforward way to start growing their money.
🔄 Automating Savings
Setting up round-ups was easy—I linked my bank account, and within minutes, Moneybox was tracking my spending. Each time I made a purchase, the spare change was rounded up and moved into my savings.
Other auto-saving options include:
💰 Payday boost – Save extra on payday automatically
📅 Weekly deposits – Set an amount to save every week
🎯 Saving goals – Organise money into different pots for specific targets
This is perfect if you struggle with saving manually—it’s literally “set and forget”.
📈 Investing Features
If you want to start investing, Moneybox makes it very beginner-friendly. Instead of overwhelming you with choices, it offers:
✔ A curated selection of investment funds (so you’re not picking stocks at random)
✔ Stocks & Shares ISA (for tax-free investing)
✔ The option to invest spare change through round-ups
If you prefer to pick individual stocks, Moneybox now offers access to 20+ popular U.S. stocks, including Amazon, Tesla, and Apple.
That said, this isn’t a full trading platform—it’s designed for long-term investors, not day traders.
💰 Pricing & Fees
Unlike some competitors (like Plum), Moneybox offers free access to most of its features. However, some products come with monthly fees:
🔹 General investing (free) – Use round-ups & savings for free
🔹 Stocks & Shares ISA (£1/month after 3 months) – Includes investment funds & U.S. stocks
🔹 Lifetime ISA (£1/month after 3 months) – Ideal for first-time home buyers
🔹 Pension (£1/month + 0.45% platform fee) – Consolidate & grow your retirement savings
For most users, the free version will be enough to get started. The ISA and pension fees are competitive, but make sure you’re actually using these features before paying for them.
✅ FCA-Regulated & FSCS Protection
Moneybox is FCA-regulated, and savings are protected up to £85,000 through FSCS when held with partnered banks (like Investec).
💡 However: Investments (like Stocks & Shares ISAs) aren’t protected from market fluctuations—your money can go up or down.
✅ Pros & Cons
Pros:
✔ Set & forget savings – Automates deposits so you don’t have to think about it
✔ Beginner-friendly investing – Great if you’re new to growing your money
✔ Lots of product options – General Investment Account, ISAs, LISAs, pensions & more
Cons:
❌ Limited stock selection – Only 20+ U.S. stocks available (not a full trading platform)
❌ ISA & pension fees – Competitive for beginners, but other options may be cheaper depending on your portfolio size & trading habits.
❌ No advanced investing tools – If you want real-time trades, detailed analysis, or a wide stock selection, this isn’t for you
💡 Final Verdict: Is Moneybox Worth It?
⭐ 4/5 – A great option for beginners & automated saving
Moneybox is one of the easiest ways to start saving & investing, especially if you don’t want to actively manage your money. The round-ups and auto-saving tools make it effortless, and the investment options are solid for beginners.
However, if you want to pick your own stocks, a platform like Freetrade or Trading 212 might be better.
📢 Want to Start Saving? Here’s How to Do It for Free!
💡 Drop a 💰 in the comments & I’ll DM you a breakdown of how to automate savings in your banking app!
📌 Disclaimer: This is an independent review based on personal experience with the app. This is not financial advice—always do your own research before making investment decisions.
The Everyday Tech Girl 
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