Update: well, a few months down the line, and I've decided it's not worth it - the amount of interest I've earned in 6 months is <1%! You'd earn more on an ISA, or even just a regular old savings account. Currently waiting for my money to come back to me (as it takes 2 weeks)! ---------- I've been using this app for a few weeks now and I really like it - it's slick and well-designed, and (in my case, at least) takes a small amount of money from my bank account each week to help build my savings. One aspect which does need improving is the page showing how much you've deposited and how much profit you've made through investments. Looking at the graphs, it's not really clear how much money is actually "yours". This is a fairly new app anyway, so I'm hoping to see some improvements as time goes on.
Note to potential users: this app doesn't work with Nationwide! I wouldn't mind but Moneybox don't actually tell you this until you've set everything up. Now that I've realised my account is pointless i'm trying to close it but they make this a right faff. Ive still not managed it yet. The idea is a good one but the execution needs improving.
Doesn't work with the major bank I wanted to use yet there is no way of know which banks it connects to until you have given them your details. Will be reporting this as a complaint to the ICO as I consider this to be data trawling at it's very worst. With this in mind do you really want to give them bank access?
Great app I no people pull the fees down but it depends what you want to uses this app as for investing lots of money I'm not sure about but to save money witch makes it hard to withdraw I think its perfect if you always end up touching the money in your savings I like the fact it takes 2weeks to get any money back for me I've tried a few money savings app and I would say this is one of the best the great thing is money box is always happy to improve so if you are having an issuss speak to them I say this because there last update made the app better.
Love the app so far i always found it hard to save, but with this it makes it easier to save. The only down side is that santander doesn't support round ups.
Love it, simple. Let's me save without allowing me to dip in whenever I am feeling weak. It can take up to 4 weeks to get your money out. So what do I do, leave it there and keep saving. That with round ups, compounded interest, time machine function, showing projected return in 10 years at current weekly and increased weekly savings amount, it is easy to use and fits well allowing me to save a little or a lot each week as either salary or expenditure fluctuates. Only possible draw back are the fees, but you would have to be investing many thousands before you might find them slightly excessive, but on my investments, not an issue. I get the message in the TV ad and the female actress must be really good because every time I see it and hear her speak, it makes my teeth stand on edge, like fingers down a black board. Apart from this, well done Moneybox. Thank You.
• More information about the Lifetime ISA in the Discover tab
• More fun facts and inspiration for you in the This Week tab
• A couple of bug fixes
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