This is a Sonic theme piggy-bank/table-top coin bank.
It is likely to be a UK item, or a several-country-release item because usually these items are labeled "Bank" in the USA, and "Money Box" in Europe areas. (Why?) The bank part is the Green Hill themed cylender there, it just has a statue of classic style Sonic standing on it. There's likely a plastic plug in the bottom for removing the coins, and a slot at his feet.
The yellow/blue base is it's cardboard 'package'. It says "Save up those golden rings" across the bottom.
The Sonic likeness is pretty good. The arms-crossed pose looks like the stock art, his classic proportions seem good & the eye paint is correct. The base is pixelated to give it a 16 bit look. If it is fairly inexpensive, it could be a good way to get a fairly large Sonic statue/display figure without big spending.
Depending on what this is made of, it may be difficult to get in good shape, or to hold onto. Of course, Sonic stands on fragile stick-legs (if they're not rubbery) & the packaging (as it were) seems to provide no protection for the statue atop the bank. Will it be a problem when this goes on sale? Write in for credit if you can provide a bit more detail for this bank.