Mymoney -Box review
What is Moneybox?
Moneybox may be a saving and investing app that aims to form both of those things a seamless a part of lifestyle .
With as little as £1, you'll invest in companies like Amazon, Netflix, Apple, Nintendo, Unilever and Disney via Moneybox’s tracker funds.
It takes the entire investment process out of your hands too. All you've got to try to to is spend as normal and therefore the app will gather your purchases to the closest pound and invest the spare change. otherwise you can deposit lump sums on a weekly or monthly basis into the Moneybox account yourself.
By connecting your credit card to the Moneybox app, you'll found out an investment account from your mobile during a few minutes. this provides those with little or no investment experience a simple start line .
How does Moneybox work?
The streamlined smartphone app gives everyone the chance to take a position by following a couple of simple steps:
1.Open an account. to start you’ll got to open an investment account with Moneybox. you've got a variety of account options to settle on among – details below.
2.Connect a credit card . You’ll also got to connect a spending card to your Moneybox app.
3.Save as you spend. Moneybox will enable you to gather the spare change from purchases like your morning coffee or carfare .
4.Invest your spare change. It can then be invested in thousands of worldwide companies via tracker funds.
5.Top-up your investment budget. you'll also contribute to your investment account via one-off payments or weekly deposits.
6.Select your starting investment plan. choose between “cautious”, “balanced” or “adventurous”. More on how these risk profiles work is below.
7.Automatic withdrawal option. Every Wednesday at midday your money are often taken by direct debit
Post a Comment