|What is it?||An iOS or Android mobile phone app|
|What does it do?||Allows purchases to be rounded up to the nearest pound and the change invested|
|Who is it aimed at?||Tech savvy millennials or those with relatively little to spare but wanting to start to invest for their future|
|What does it invest in?||Three risk balanced portfolios of cash, equities and property, rated as 'cautious', 'balanced' or 'adventurous'|
|What account types does it support?||General Investment, ISA, Junior ISA, Lifetime ISA (coming soon)|
|How much does it cost?||£1 per month subscription fee
0.45% of invested funds platform fee
0.23% fund charge
|Muckler's view||Any initiative to get people saving and investing is to be applauded. With relatively small amounts of cash invested it will take a while to build a significant pot and fees as a percentage are relatively high on the journey.
Easy to be cynical, but if it engages the next generation of investors Moneybox will have served an important function.