With Moneybox round ups you can regularly squirrel small amounts of money away. As the name suggests, it rounds up your transactions to the nearest pound, before putting the spare change in a savings pot. The growth, or ‘earnings performance’ of 18.41% is over the whole three years, so roughly 6% a year. That’s certainly way better than I would have earned in a savings account. However, for context, Vanguard’s LifeStrategy 80% fund is currently up quite bit higher, at 28% over three years. Pension. This account lets you save up for your retirement. You can get some tax benefits from the government, but you can’t withdraw until you turn 55. These money boxes are also small and compact enough, and are all set at an excellent price, to be distributed out to any supporting fundraisers. For example, if you have a target of funds that are being collected over a particular event, you could distribute a number of them to be used by those that have enlisted to take part in the special charity fundraising. Sponsored activities and events are much more likely to make their mark if they have the money collection boxes for the charity on hand to support the occasion. Select your starting investment plan. Choose from “cautious”, “balanced” or “adventurous”. More on how these risk profiles work is below.

There are a lot of savings-friendly features with this current account. These include the personalised spending data, which is designed to help you budget more effectively, plus the ability to round up transactions to the nearest pound and save the spare change.Moneybox bangs on about squirrelling away spare change, but the charges are pretty high on small investments. Balanced. Most of your money is invested into a global shares fund, but some is also invested in property companies and bonds. 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. Moneybox is a saving and investing app that aims to simplify these activities with one, low-cost, easy-to-use app. They have been authorised and regulated by the Financial Conduct Authority since their launch in 2016 and today have over 900,000 customers. Who owns Moneybox?

Basically Moneybox takes a textbook approach to diversifying your portfolio, splitting your money between shares, bonds and property, plus cash for the cautious.

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If you missed out on the 95-Day Notice Account but would still like to access the great rate, then this is the answer. Of course, the notice period is longer at 120 days, however, you will have access to an AER of 2.28%. 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 The 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. 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 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:

It's a simple and easy solution to save money for all ages. Even if you are older, expect this piggy to remind you of your childhood. But does the odd penny here or there add up to much? What does it actually invest in? And how much do you pay for the privilege?I asked Anna Bowes, a savings expert from Savings Champion, for her views, and she said: “The Investec account at 0.6% is very competitive, and quite straightforward to open through the app. The other, at 0.45% on a 45 day notice account, is OK but you could do better.” 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.

When deciding which company to invest your money in, this fund takes into account a range of ethical values, from environmental impact to human rights to transparency. It’s based on what is commonly referred to as ESG (environmental, social and governance) scoring. 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.The number of notes you can fit inside a money box depends on its size and capacity. Money boxes come in various shapes and sizes, so the number of notes they can hold will vary. Some money boxes are designed to hold only a few notes, while others can accommodate a larger number. So basically the round ups haven’t amounted to all that much, and I’m glad I signed up for weekly deposits too. Feast your eyes on the screengrab above showing my contributions, investment gains and fees after three years with Moneybox.