Does Money Box Cost?

Does Money Box Cost?

How much does Moneybox cost? You will not be charged any fees for saving in a Moneybox saving account. If you choose to invest with Moneybox you will be charged a £1 monthly subscription fee which is free for the first 3 months.

Is Moneybox free to use?

Moneybox charges two fees, which are calculated daily and charged at the end of each month: Subscription fee – this is £1 per month, but is free for the first 3 months! Platform fee – this is 0.45% of the value of the investments in the Junior ISA per year.

Are Moneybox fees high?

Chunky charges on small balances

Moneybox bangs on about squirrelling away spare change, but the charges are pretty high on small investments. The fees sound relatively painless on the investing side: 45% a year as a platform fee. 12% and 0.3% a year as fund charges.

Elena Rostova
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Elena Rostova

Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.