For our Stocks & Shares ISA, you can choose whether you’d like to start with your deposits saved as cash, or invest straight away.

Choosing to deposit your money as cash might suit you if you’d like to save regularly, with the flexibility to invest when you’re ready. Money held as Available Cash in a S&S ISA earns an interest rate of 3.8% AER (variable), and is available for you to invest in a broad range of funds or US stocks whenever you please.

You can withdraw cash from your S&S ISA whenever you like and you’ll receive the money in one working day, just note that any funds you have deposited in the current tax year will continue to use up your allowance, even once withdrawn.

If you opt to start investing straight away, you’ll be able to choose one of our three Starting Options - Cautious, Balanced, and Adventurous - which are great if you’re new to investing and looking to jump in with minimal effort. If you’re a bit more confident, you can also choose to edit these Starting Options to set your own custom allocation.

It’s worth noting that, if you do choose to invest, our investment account fees will apply. For more information on the fees we charge, please refer to our article “What are the fees?”.

Moneybox isn’t able to provide financial advice, so we can’t advise on what might be best for you. It is therefore important that you make sure that your investment choices are right for you and your circumstances. If you’re unsure then please reach out to a qualified independent financial adviser.

Please note that once invested your capital will be at risk and it’s possible to get back less than you invest. Investments should be held for a minimum of five years.