Starting Options are aimed specifically at beginner investors and those who prefer to keep things simple. Starling’s personal account is free to use and being a full current account it comes with a host of other features, which you can read about in our Starling review. Frequently asked questions One customer said: “I find Moneybox an ideal company to use for share dealings. They give sound advice and have very fair fees and charges”

There are plenty of alternatives to Moneybox including the likes of Moneyfarm, Plum, Revolut, Monzo and Startling to name a few. Useful Information It’s authorised by the Financial Conduct Authority and it’s covered by the Financial Services Compensation scheme. Your savings or investments are held in separate accounts with big guns Santander and Winterflood, respectively, and it uses bank level 256-bit TLS encryption. This is for parents who are looking to start a nest egg for their children. You can still invest in any of the four portfolios on offer and tap into the great round-ups feature to maximise on your savings. The big thing of note with this account is that it can’t be accessed on the main app but rather requires a separate iOS Junior ISA app. Simple Saver Account The Simple Saver Account is provided by Shawbrook Bank so all your savings are covered by the Financial Services Compensation Scheme. You can only withdraw once per calendar month. Shawbrook are actually offering an AER of 2.30% on their Easy Access Account which is very similar and without the restrictions on withdrawals. However, if you were to take this option, you would be sacrificing the option to drip-feed your money in using the rounding-up tool which comes free at Moneybox. 32-Day Notice Account

Because a lot of people feel they cannot commit to a regular arrangement of giving to any cause of charity, when it comes to helping us to make the most of our resources to help with a cause, charities money boxes still provide us with one of the best ways doing so. The pensions service at Moneybox is very similar to that of PensionBee and Penfold, in that they help you locate and consolidate any existing pensions into one, easy to manage, Moneybox Self-Invested Personal Pension (SIPP). Again you will have the option to invest your Moneybox pension in the following funds: Old Mutual MSCI World ESG Index – the socially responsible choice. There's no school like the old school and the traditional piggy bank is the headmaster. You can't beat the original piggy bank in terms of what it does. It offers a simple solution to saving cash, either in the form of coins or notes.

The junior ISA (JISA) is a savings account that you can set up for your child. It’s pretty much the same as the ISA, here are the key features and things to consider: A note on CFDs and Forex: Forex & CFDs are complex products, not suitable for everyone and come with the high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Moneybox doesn’t charge their subscription fees for pension funds but does charge their platform fees on a sliding scale basis.

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Made of high-quality sturdy acrylic material. It's a very simple stylish, easy-to-use design. It would look great with notes in here.

Feast your eyes on the screengrab above showing my contributions, investment gains and fees after three years with Moneybox. It’s important to note that Moneybox do not offer anything in the way of financial advice and it is therefore up to the individual investor to ascertain which of their funds would be best for their circumstances. Moneybox Fees Risk. With a savings account, you know from the start how much you’re going to earn in interest (even though it’s probably not much at the moment). If you invest your money, you could earn more, but also lose your capital. That investment disclaimer that says “your capital is at risk” is there for a reason.The process can take a fair amount of time however, compared to most mainstream brokers. They state that the transfer can take up to 30 days which is around double the time it takes to transfer in with other investment services providers. So basically the round ups haven’t amounted to all that much, and I’m glad I signed up for weekly deposits too. Moneybox scored of 4 out of 5 for customer satisfaction. 84% of customers would recommend the brand to a friend. Moneybox alternatives Moneybox is a saving and investing app that aims to make both of these things a seamless part of everyday life. At Kidadl we pride ourselves on offering families original ideas to make the most of time spent together at home or out and about, wherever you are in the world. We strive to recommend the very best things that are suggested by our community and are things we would do ourselves - our aim is to be the trusted friend to parents.

In practice, you won’t see 3p disappearing here and 33p there. It tots up a running total to remove from your bank account once a week. The streamlined smartphone app gives everyone the opportunity to invest by following a few simple steps:If you are saving for your first home and don’t have the stomach for investing, then put your money here! There is a reason that Moneybox got my title for Best Cash Lifetime ISA as their interest rate of 3% AER is industry-leading. This interest rate includes a 2.75% base rate which is variable and a fixed one-year bonus interest rate of 0.25%. Even if you transfer out after the first year, this is still worthwhile. Moneybox says: ‘protecting your money is important to you, but you want to dip your toe into investing’