About Moneybox
Moneybox is a UK-based financial technology company that offers a range of services to help people save, invest, buy their first home, and combine their old pensions. The company was founded in 2015 by Ben Stanway and Charlie Mortimer with the aim of making it easier for people to manage their money and achieve their financial goals.
One of the key features of Moneybox is its award-winning app, which allows users to set up savings goals and invest in a range of funds with as little as £1. The app also offers a round-up feature that rounds up everyday purchases to the nearest pound and invests the spare change into one of three investment options: cautious, balanced or adventurous.
In addition to its savings and investment products, Moneybox also offers a Lifetime ISA (Individual Savings Account) which helps first-time buyers save for their first home. This product allows users to save up to £4,000 per year tax-free towards either buying their first home or saving for retirement.
Another service offered by Moneybox is pension consolidation. Many people have multiple pensions from different employers over the course of their working lives which can be difficult to keep track of. Moneybox's pension consolidation service allows users to combine all their old pensions into one easy-to-manage account.
Moneybox has won several awards since its launch including Best Investment App at the British Bank Awards 2020 and Best Digital Wealth Manager at the 2020 Shares Awards. These accolades are testament to the company's commitment towards providing innovative solutions that make it easier for people to manage their finances.
Overall, Moneybox is an excellent choice for anyone looking for an easy-to-use platform that combines savings accounts with investment opportunities while also offering additional services such as pension consolidation and Lifetime ISAs. With its user-friendly app interface and competitive fees structure, it's no wonder why this fintech start-up has been gaining popularity among millennials who are looking for ways to grow wealth without having extensive knowledge about investing or finance management.
In conclusion, if you're looking for an innovative way to manage your finances while achieving your long-term financial goals then look no further than Moneybox - download now!