Moneybox alternative

Joedd1

Hi, I'm new to the site so apologies if this isn't an appropriate thing to start a thread about.

Basically I've recently started 'investing' with the app moneybox, which has a nice app etc etc which makes it easy for a student like me to put away small amounts of money (average £10 per week) in to a stocks and shares ISA, and see some tangible, although small, return on them.

However, after reading another thread on here I've realised that the moneybox fees are actually fairly high for comparable products, and so would like to switch to a better ISA.

Can someone give me a hand in explaining what my best bet is, for saving about £10 per week, in terms of paying small fees and getting a decent return, be it interest in a savings account or returns on investments?

One thing that did attract me to moneybox was it's nice looking app, so if there's another app based service that would be quite nice

I'm assuming that my current account bank (NatWest) would not be the place to also go for a savings account, given the amount I'm currently able to put away.

Any advice appreciated, cheers!

Joedd1

Given owning a home is a long term dream of mine, would it be worth considering a help to buy ISA, or even the lifetime ISA with moneybox, which they advertise as a fairly attractive prospect?

AnotherJoe

I think either of those would be a better bet than an S&S ISA at your age and witha goal of house purchase in mind. With irelatively low sums like this you need to look at whichever account has the lowest fees and I would have thought there’s a section in here on best HTB isa’s ? Follow the banking and saving link at the top of this page

Regards the app, its a distraction, as the saying goes, “you don’t fatten a pig by weighing it”. So the fact the MB or similar apps let’s you look at your account every five minutes distracts from the key point, “which account has lowest fees and highest rates”. Follow the links.