Moneybox

[PremierLeagueClass]

Does anyone use this? Are there any better alternatives out there?

[tim_noone]

Does anyone use this? Are there any better alternatives out there?

I have a big whiskey Bottle...

[Aclaret]

Mines a Quality Street plastic Jar to save £2 coins.

[claretburns]

Does anyone use this? Are there any better alternatives out there?

I opened an account with them last February, depositing £10 a week from my account and the spare change from transactions, also during the first lockdown I was lucky enough to not be furloughed and carry on working but with everywhere closed I added some extra to my account, when we got to November I had managed to save over £1,000 in the account.

However if you're saving money and need it in a hurry avoid moneybox as it takes 95 days to get your money once withdrawn, this is good to stop impulse buying and losing your savings but as said if you may need money in a hurry it is not good.

This month I withdrew the final money from my moneybox account, will receive it beginning of April and opened an account with Plum, very similar to Moneybox in that you can deposit any amount of money when you like, set up a direct debit for a fixed amount each month along with change from any transactions you make. The added benefit of Plum is that you get your money once withdrawn within 2-3 working days.

I never had any problem with Moneybox and the service received was great but as a personal thing I prefer Plum, it is quicker to receive your money if needed and the app is cleaner and easier to use. Also on Plum it will see the direct debits you have outgoing and recommend the "spare money" you have per month to save and also will try and help you save money by recommending better deals on your outgoing bills. For example they have already saved my £40 a month on energy bills by showing me another cheaper supplier.

[PremierLeagueClass]

I opened an account with them last February, depositing £10 a week from my account and the spare change from transactions, also during the first lockdown I was lucky enough to not be furloughed and carry on working but with everywhere closed I added some extra to my account, when we got to November I had managed to save over £1,000 in the account.

However if you're saving money and need it in a hurry avoid moneybox as it takes 95 days to get your money once withdrawn, this is good to stop impulse buying and losing your savings but as said if you may need money in a hurry it is not good.

This month I withdrew the final money from my moneybox account, will receive it beginning of April and opened an account with Plum, very similar to Moneybox in that you can deposit any amount of money when you like, set up a direct debit for a fixed amount each month along with change from any transactions you make. The added benefit of Plum is that you get your money once withdrawn within 2-3 working days.

I never had any problem with Moneybox and the service received was great but as a personal thing I prefer Plum, it is quicker to receive your money if needed and the app is cleaner and easier to use. Also on Plum it will see the direct debits you have outgoing and recommend the "spare money" you have per month to save and also will try and help you save money by recommending better deals on your outgoing bills. For example they have already saved my £40 a month on energy bills by showing me another cheaper supplier.

Very useful, thanks for the reply!

[steve1264b]

Its nice and easy, ive been rolling up money which varies from £5 to £10 a week.

Ive selected the riskiest level and i am currently showing a 15% return which is £320.

However, remember that its a stocks and shares isa and you can only open one per tax year.

The above posts allude to what it is a change jar, but ive yet to see one which provides interest.

[steve1264b]

Its nice and easy, ive been rolling up money which varies from £5 to £10 a week.

Ive selected the riskiest level and i am currently showing a 15% return which is £320.

However, remember that its a stocks and shares isa and you can only open one per tax year.

The above posts allude to what it is a change jar, but ive yet to see one which provides interest.

[up_the_clarets_1989]

I've been using it for about a year now and agree with most of the above. It's very easy to use and is a good way to stick some cash away.

I've decided however to move my stocks and shares ISA over a website called Hargreaves Lansdown as I want to be a bit more proactive with what my money is being invested in and you don't really get that choice with Money Box.

Good luck with the saving pal

[Wellsy1882]

Coinbase and save 10 a week in bitcoin or ETH

[DustyBawls]

Open up an account with another branch (try HSBC) and make sure you don't have any debit cards or do online banking with that branch - then transfer money whenever you can. Saved 5 figures last year and was surprised.

[tim_noone]

Its nice and easy, ive been rolling up money which varies from £5 to £10 a week.

Ive selected the riskiest level and i am currently showing a 15% return which is £320.

However, remember that its a stocks and shares isa and you can only open one per tax year.

The above posts allude to what it is a change jar, but ive yet to see one which provides interest.

Yes No Interest ...But The Whiskey Bottle divided by 3 under 12 year old grandkids amounted to £450...... a fair Wedge at Christmas