Moneybox has expanded from investing to include a pension, lifetime Isas and surprisingly competitive savings accounts. If you’re worried about the impact of your investments, you can choose Moneybox’s “socially responsible” option. If you do, the default global shares fund in your investing strategy will be replaced by the Socially Responsible fund, which Moneybox offers in partnership with Old Mutual Investment Group. A lot of people like to use their change that they collect when out shopping to place in a money box for a good cause. If you have a bright and clearly marked labelled charity container on a counter, reception table, or anywhere else a public place, you are more likely to get the funds you need to support your cause. Moneybox says: ‘protecting your money is important to you, but you want to dip your toe into investing’ Opening an account with Moneybox is incredibly easy and you don’t seem to have to go through the masses of questions you get with the more traditional brokers. It’s all done on the Moneybox app too which has been designed to be very user-friendly.

Moneybox scored of 4 out of 5 for customer satisfaction. 84% of customers would recommend the brand to a friend. Moneybox alternatives If Moneybox is not up your street, then there are a number of alternative apps on the market to choose from. ChipThe insurance coverage for money boxes for notes or any other valuables typically depends on the terms and conditions of your specific home insurance policy. In general, standard home insurance policies do provide coverage for personal belongings, including cash, up to a certain limit, in case of theft, fire, or other covered perils. This will offer a better interest rate in exchange for you giving 45 days notice should you wish to withdraw. However, this account is currently closed for new applications and it is unclear whether this is a permanent move by Moneybox or whether it will become available again in the future. 95-Day Notice Account

Charities, big and small, recognise the value of these money boxes for charity. They are a great way to help people remember to give whenever they can while engaged in other day to day activities. Plastic Money Boxes When it comes to general educational content, Moneybox does fairly well, they have easy-to-digest videos and blog posts to explain all the basics of finance and keep you up to date with the latest news. Their blog is categorised into four topics which are easy to navigate; Updates, Pensions, Learn, Academy and Stories. We all want to be able to give to charities as much as we can, and with what we have available to give. Even a few pence, pennies and pounds can make a massive difference, especially when added to the charitable donations of everyone combined. 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. Any of the three funds mentioned above (Cautious, Balanced, and Adventurous) can be converted into a Socially Responsible fund for ethical investing. General Investment AccountHere at Direct Fundraising, we do whatever we can to not only facilitate and help charities to carry out their vital services for the good of local communities, and nationwide or worldwide fundraising and awareness, but to catch the notice of the people who will donate and support the cause.

This is an ATM style money box for notes. Coins will also fit through the gap. This is quite a basic money box and would be more suitable towards kids than adults looking to save wads of cash. The Chip app is designed to a be a hassle-free way to save small amounts of money on a regular basis. You connect Chip to your current account. It uses an artificial-intelligence-based algorithm to look at your finances and work out how much you can realistically afford to save.

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By connecting your bank card to the Moneybox app, you can set up an investment account from your mobile phone in a couple of minutes. This gives those with little or no investment experience an easy starting point. How does Moneybox work? Adventurous. The vast majority of your investments goes into a global shares fund, but some funds are still invested in property companies.