Question, do any of you use Moneybox?

Noblelight · Post by **Noblelight** » Sat Mar 09, 2019 5:58 pm

Does anyone on here use Moneybox and if so is it any good?
Thanks
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Steve1956 · Post by **Steve1956** » Sat Mar 09, 2019 6:02 pm

Yea we have about three we fill with loose change dotted around the house.

Noblelight · Post by **Noblelight** » Sat Mar 09, 2019 6:05 pm

Very funny steve

Steve1956 · Post by **Steve1956** » Sat Mar 09, 2019 6:07 pm

Noblelight wrote:Very funny steve

What have I said now?

Noblelight · Post by **Noblelight** » Sat Mar 09, 2019 6:10 pm

steve1264b · Post by **steve1264b** » Sat Mar 09, 2019 6:15 pm

I have used it. Currently ive earned less than 1% on my £750 total investment and paid £9 in fees. Last months that was nearly 2%. However i did invest in the highest risk sector (you choose when you sign up).

I joined out of interest, its aimed at millenials who dont save, hence it rounds up all your transactions to the pound and takes out the difference once a week. You can pay so much a month.

Im 53 got a pension etc sorted so viewed it as a savings club really.

They have attracted a lot of investment recently hence the tv adverts etc.

Its not a great investment if you have cash but it sweeps the pennies out of your account.

Noblelight · Post by **Noblelight** » Sat Mar 09, 2019 6:18 pm

Cheers Steve

Steve1956 · Post by **Steve1956** » Sat Mar 09, 2019 6:18 pm

steve1264b wrote:I have used it. Currently ive earned less than 1% on my £750 total investment and paid £9 in fees. Last months that was nearly 2%. However i did invest in the highest risk sector (you choose when you sign up).

I joined out of interest, its aimed at millenials who dont save, hence it rounds up all your transactions to the pound and takes out the difference once a week. You can pay so much a month.

Im 53 got a pension etc sorted so viewed it as a savings club really.

They have attracted a lot of investment recently hence the tv adverts etc.

Its not a great investment if you have cash but it sweeps the pennies out of your account.

I'm making more interest than you in my three money boxes,sounds quite shite to me.

Bosscat · Post by **Bosscat** » Sat Mar 09, 2019 6:53 pm

Steve1956 wrote:Yea we have about three we fill with loose change dotted around the house.

Snap .... In one of them we collect £2 coins and change them for holiday cash once a year

steve1264b · Post by **steve1264b** » Sat Mar 09, 2019 6:53 pm

Indeed you are Steve. Its basically a penny savers account for youngsters!

Noblelight · Post by **Noblelight** » Sat Mar 09, 2019 7:53 pm

I put £1 coins in a jar, that’s how I saved for mine and my daughter’s season tickets.
Sounds as if Moneybox is not for me then.
Here’s to 3 points tomorrow!
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Burnleyareback2 · Post by **Burnleyareback2** » Sat Mar 09, 2019 8:36 pm

Yeah, been using it for about 6 weeks. Not got round to sorting out the penny round ups but putting a bit in each week.

Worth a try

steve1264b · Post by **steve1264b** » Sat Apr 27, 2019 8:31 pm

Getting 4.77% return at the moment so not too bad

Question, do any of you use Moneybox?

Question, do any of you use Moneybox?

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