to which my response from memory was it wouldn’t sway my decision to bank with Starling for a couple of pints of beer / year if I kept the full 2 K in the account throughout the year
and Im his Uncle not his Brother in law
to which my response from memory was it wouldn’t sway my decision to bank with Starling for a couple of pints of beer / year if I kept the full 2 K in the account throughout the year
and Im his Uncle not his Brother in law
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Sooo… it’s got to be this week, right? Next at the latest
Is it gunna be this!?
Hmm…
Positives:
Negatives:
Not quite where someone needs to be to meet Monzo’s level of inclusiveness…
The timeline here is just massively slipping, from the original target dates.
Agreed, a statement is surely needed at this point?
I thought the last update was before the end of this month and that it’s currently in staff testing?
That is exactly what the status is
I’m sure there’s just a contract to work out between monzo and the third party, likely all under NDA When it’s ready it’s ready, just like Apple pay
The monthly journal said savings pots and we’ve still got plenty of October left Can’t wait to see what they release! It’ll be awesome
It’s great that they’re looking into this, definitely taking a step in the right direction but it still won’t ever convince me to move my daily savings to Monzo. I have 2 5% accounts that are maxed out.
I mean, 3% over £1000 at the very least and I’ll consider it. But I feel like we’re looking at 0.5% or something around there.
I think it needs to be acknowledged that unlike most or all other items on the Big List, this one is heavily dependent on a 3rd party and so the speed of execution is unlikely to have been entirely within Monzo’s control.
It also has to be acknowledged that Monzo knew that before listing it on the Big List.
Don’t get your hopes up! I imagine it will be around 1% or 1.2%
any ETA on this much anticipated and valued feature?
Seen on todays blog post they have a full team responsible for this over the whole next quarter… so doesnt look like anytime soon to be honest.
I think the blog post was saying that one of the two teams dedicated on improving the Current Accounts is currently working on savings pots with interests.
I can’t remember it saying they’d be doing that for the whole quarter (I really hope they’re not!).
Even if they are, I don’t think that necessarily means an interest paying savings account is months away. If an account gets introduced tomorrow there’s probably still a lot that can be done to improve the experience; perhaps a dedicated team is needed to work on such tasks. Some possible tasks I can foresee 1. provide support for single savings account spread across multiple pots, 2. integration of more providers.