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Moneybox LISA
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Sorry somehow I failed to see the word cash and just saw Moneybox. I didn't even know they had a cash one!grumiofoundation said:
Moneybox offers a Cash LISA (stated in OP son had opened a cash LISA)London7766551 said:Moneybox is based on investments I believe, I would not say the stock market is very stable at the moment but it is designed for long term saving. If you want a safer option use a cash LISA. Skipton BS offers one.
Remember that he will not be able to access any money you put in unless it is for a house. (Up to 4K a year - you need to put the 4K in to get the 1K bonus per year). If you take the money out before buying a house, there is a 25% penalty.0
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