Save your way to better credit

Grow your savings, build your credit, unlock a brighter financial future. All for free with Loqbox.

The credit agencies want proof that you can make regular payments. Loqbox makes it easy, automatic, and free.

Here's how it works:

You want to build your credit score and can afford to save $20 per month – that’s $240 over the year

At the start of the year, Loqbox loans you $240. But the money stays locked away in your Loqbox account (hence the name)

Over the year, you pay $20 a month into your Loqbox account to pay back the loan

But here comes the clever bit... each month, Loqbox reports to all three credit bureaus that you've made your repayments, which helps to increase your credit score

Once you’ve made your final payment, the loan is paid off. Transfer the savings from your Loqbox into a new savings account for free or withdraw into your own account for $40

Still got questions?
Read more about how Loqbox works

Some of the companies we work with

Helping you along the way

Your savings kept safe

We safeguard your savings for you in a FDIC-insured major US bank.

Learn as you go

Get helpful financial tips during your time with us in our biweekly email series, Loqbox Learn.

Get it all back

Unlock debt-free anytime and get back what you’ve saved so far, but you’ll get the best out of Loqbox the longer you keep saving.

Helping you along the way

review speech bubble

"My score went up 243 points"

"The customer service is great, they always respond and take care of any issues I may have in a timely manner."

— Michelle

You choose how to unlock your savings


Unlock your savings into a new bank account with one of our trusted partners. They pay us, keeping Loqbox free for you.

  • Open a new checking or savings account
  • Set up your account in as little as 5 minutes
  • Unlock your savings at any time
  • Pay nothing to unlock


Unlock your savings into any account you choose. You pay $40.

  • Put your savings in an existing bank account
  • No new account setup
  • Unlock your savings any time
  • Pay $40 to unlock

About Loqbox

We’re all about helping you build a better financial future and putting you on the right track with your money.

Growing your credit history and savings is a great way to do this.

This should be simple, free and available for everyone.

That’s why we created Loqbox.

With Loqbox, you can grow your credit score by saving as little as $20 a month. All for free.

Loqbox is no longer available in your state. If you're an existing member you can still access Loqbox here.