The 45 Day Notice Account will be available within the Moneybox app and offers a simple way of saving for shorter term financial goals, such as buying a car or saving for a dream holiday. The account is the latest addition to the growing suite of cash and investment products offered by Moneybox, as it continues to help customers achieve their financial goals. The launch follows the success of the Moneybox 95 Day Notice Account and the Cash Lifetime ISA launched last year.

Moneybox is on a mission to help everyone save and invest for the future. The award-winning app offers a range of saving and investing accounts to suit every need, whether customers are saving for their first home, a rainy day or even retirement. With a few simple taps, customers can set money aside in the way that suits them best using round ups, regular deposits or one-off payments, whilst popular tools such as the Time Machine help them keep their savings on track.

Charter Savings Bank is an online retail bank which has helped UK customers deposit over £6 billion in award-winning online and postal accounts.

Launched in 2016, Moneybox has experienced rapid growth and now has a community of more than 450,000 customers and a team of 140 people. At launch, Moneybox offered users the chance to invest the spare change from daily card purchases into a Stocks & Shares ISA; it now offers a range of saving and investment products including Lifetime ISAs, Savings Accounts and Pensions. Each week thousands of people open accounts with Moneybox, and together customers deposit on average more than £100m onto the platform every month. Moneybox recently reached the milestone of over £1bn in assets, and with customer growth of 121%* year on year, Moneybox is currently growing faster than some of the biggest names in UK wealth management.

Ben Stanway, Moneybox Co-Founder, commented: “We’re really excited to launch the latest addition to our savings products with a 45 day Notice Account powered by Charter Savings Bank. At Moneybox we want to build the products and tools for all savings needs, to help people achieve their financial goals. We’ve had a great response to our existing cash products, so expanding our range of savings accounts is a logical next piece of the Moneybox puzzle. We’re pleased to welcome Charter Savings Bank on board, and look forward to helping more people to save for their future with Moneybox. ”

Paul Whitlock, Group Managing Director, Savings at Charter Savings Bank, added: “We’re delighted to partner with Moneybox, offering more options to help their customers’ savings grow. Like Charter Savings Bank, they understand the importance of providing a simple and straightforward platform for savings.”