Hi everyone 
As you might have seen in our recent @MakingMonzo tweet, we’ve been working on a way for you to get interest paid on your savings in Monzo. And we’re ready to take an important step towards bringing that feature to everyone!
Today, we’ll start testing this out with real users (after the staff testing we’ve been doing for a couple of weeks).
To help us understand how people will use it, and to make sure everything works properly, we’re going to test this out with 12,000 random users.
We love testing out new features with our community first, especially those of you who’ve been with us for a long time and get involved through Monzo Labs. But this time, it’s important for us to test with a random sample to understand how a representative cross-section of our users will behave.
Because this sample needs to be random, we won’t give particular people access to the test. So please don’t get in touch with COps to ask! 
Once we’ve completed this early testing, we’ll share our plan for bringing it to everyone (we expect testing to take a few weeks).
How the test works
The feature we’re testing works by letting you make a new type of Pot called a Savings Pot. You’ll earn 1% interest a year, paid monthly into your Savings Pot. And you’ll need to add a minimum of £1,000 to open a Savings Pot.
We’re working with another bank - Investec - who’ll hold the savings and pay interest. The Pots are ‘flexible’ which means you can withdraw at any time, and the money will be in your Monzo account on the next working day.
You can create up to 10 Savings Pots, there’s no upper limit on how much you can save, and up to £85,000 of the money you have at Investec is covered by the Financial Services Compensation Scheme.
Why is there a £1,000 minimum?
Because we lend money, we need to make sure we have enough to lend to people who have overdrafts. This is known as a ‘loan to deposit ratio’, which we (and most other banks) put in place to make sure we can keep lending in a way that’s responsible and not too risky.
A £1,000 minimum means all the money in Monzo won’t suddenly move to a Pot provided by a third party, and we can maintain a sensible loan to deposit ratio.
We’re starting with a £1,000 minimum, but this is only the beginning! We really want to explore other options that make saving accessible to everyone.
If you’re part of the test group, we’d love to hear your feedback here.