Is Loqbox Save really free?
If you’re happy to pay your Loqbox savings into a new account with one of our partner banks, then yes.
This is a great choice because we know from our research that savers find it easier to keep their hands off their savings when they’re kept separate from their day-to-day funds. That’s why we recommend paying your Loqbox savings into a dedicated savings account.
We get paid by our partner banks for opening a new account for you, which is how we keep Loqbox Save free. But if you’d prefer, you can opt for our Flexi Unlock premium add-on and unlock into an existing account for $40.