# Changing interest rates within Monzo **URL:** \ **Category:** Monzo Chat\ **Created:** [23 March 2022 12:51 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627 "2022-03-23T12:51:55Z")\ **Posts on this page:** 20\ **Page:** 9
**Author:** ![JIMMWX](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/jimmwx/32/95737_2.png) [@JIMMWX](https://community.monzo.com/u/JIMMWX)\ **Post date:** [18 October 2022 10:14 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/169 "2022-10-18T10:14:41Z")
That said > **[Saving with Monzo | Create a Savings Pot Online Today](https://monzo.com/features/savings/)** > > Saving is hard, so we made it simpler. Create a Savings Pot in seconds to earn interest on your money. Then relax & watch it grow. This really isn’t clear to me, looks like it’s trying to make things sound better that they are. Yes, can save up to 3% but it’s fixed and you can’t put in once it’s opened. But they lead with that in the same way other banks lead with easy access higher interest or locked but further contributions do. ---
**Author:** ![aCCount](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/account/32/59481_2.png) [@aCCount](https://community.monzo.com/u/aCCount)\ **Post date:** [18 October 2022 10:29 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/170 "2022-10-18T10:29:06Z")
![image](https://global.discourse-cdn.com/monzo/original/3X/7/3/734505a6a2ed8b88aceb671bbea1ac80f277da54.jpeg) It’s fairly clear that it’s a fixed term deal…? ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [18 October 2022 10:46 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/171 "2022-10-18T10:46:48Z")
Also, tap the first link (“view our rates”) and you see the following ![image](https://global.discourse-cdn.com/monzo/original/3X/3/3/33869a9f97f9ce8dd55b51967daa5d6d5ed37149.png) I think there are aspects of the savings webpage that lack clarity (mainly to do with absence of T&Cs docs on this webpage) but I don’t really see an issue with clarity around interest rates. ---
**Author:** ![PaulUK](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/pauluk/32/57221_2.png) [@PaulUK](https://community.monzo.com/u/PaulUK)\ **Post date:** [18 October 2022 10:47 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/172 "2022-10-18T10:47:28Z")
> [@aCCount](#): > > It’s fairly clear that it’s a fixed term deal…? It is clear within the app though. > [@JIMMWX](#): > > Can we merge these @AlanDoe because this thread was about Monzo changing interest rates not what the best one is out there vs the one linked which is Have amended the subject title to reflect that, to make it clear for future contributors 😄 ---
**Author:** ![JIMMWX](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/jimmwx/32/95737_2.png) [@JIMMWX](https://community.monzo.com/u/JIMMWX)\ **Post date:** [18 October 2022 10:55 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/173 "2022-10-18T10:55:20Z")
> [@aCCount](#): > > It’s fairly clear that it’s a fixed term deal…? It is - it isn’t what I was saying though. Its clear what the interest rate is and that it’s fixed, but it doesn’t say that you can’t add into the pot once it’s fixed, either there or below in the detail. I think they could go into more detail in this. ---
**Author:** ![monzo2018](https://avatars.discourse-cdn.com/v4/letter/m/f14d63/32.png) [@monzo2018](https://community.monzo.com/u/monzo2018)\ **Post date:** [20 October 2022 21:01 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/174 "2022-10-20T21:01:36Z")
New rates again today - Charter is back, offering 1.71% for Easy Access and 4.30% Fixed term. ![image](https://global.discourse-cdn.com/monzo/original/3X/5/5/55e7f481568b1e367d364fa99dd70b201834a62b.jpeg) ---
**Author:** ![PaulUK](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/pauluk/32/57221_2.png) [@PaulUK](https://community.monzo.com/u/PaulUK)\ **Post date:** [20 October 2022 23:01 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/175 "2022-10-20T23:01:37Z")
4.30% is not far off the mark, but 1.71% certainly is. ---
**Author:** ![JIMMWX](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/jimmwx/32/95737_2.png) [@JIMMWX](https://community.monzo.com/u/JIMMWX)\ **Post date:** [21 October 2022 08:07 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/176 "2022-10-21T08:07:50Z")
Yes, Monzo’s (by them) or partner savings rates are really behind the curve. That 4.30% is great IF you have a large lump sum but there are better easy access savings/contribution savings with better rates. ---
**Author:** ![monzo2018](https://avatars.discourse-cdn.com/v4/letter/m/f14d63/32.png) [@monzo2018](https://community.monzo.com/u/monzo2018)\ **Post date:** [28 October 2022 09:04 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/177 "2022-10-28T09:04:52Z")
Shawbrook rate on easy access pots is now 1.81%. The pots I opened late August/early September have also been moved up to 1.81% 🙂 ![image](https://global.discourse-cdn.com/monzo/original/3X/a/7/a7ef5fd9bc241f0a08dca15e39d52607feedea54.jpeg) What is frustrating though, is when you go into the previous months interest earned on a pot, it appears as though the rate has always been 1.81% even though it was 1.55% before. It’s misleading. It’s not a new issue, I’ve noticed it in the past. It always shows the current rate on past months instead of the rate earned at that time. ![image](https://global.discourse-cdn.com/monzo/original/3X/b/0/b01e1124950fb10ccc61e3604be3eb2eed7e9941.jpeg) ![image](https://global.discourse-cdn.com/monzo/original/3X/2/6/269b0e31edf9138644181a0004da8ffad768c7e7.jpeg) ---
**Author:** ![projectfortytwo](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/projectfortytwo/32/82645_2.png) [@projectfortytwo](https://community.monzo.com/u/projectfortytwo)\ **Post date:** [28 October 2022 14:02 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/178 "2022-10-28T14:02:21Z")
> [@monzo2018](#): > > pots I opened late August/early September have also been moved up About time too… ---
**Author:** ![JIMMWX](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/jimmwx/32/95737_2.png) [@JIMMWX](https://community.monzo.com/u/JIMMWX)\ **Post date:** [28 October 2022 14:28 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/179 "2022-10-28T14:28:44Z")
They’re getting there, but still sort of lagging in the wider picture ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [28 October 2022 14:47 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/180 "2022-10-28T14:47:31Z")
> [@monzo2018](#): > > The pots I opened late August/early September have also been moved up to 1.81% 🙂 I have 4 Shawbrook Easy Access Pots. One has been moved up to 1.81% (opened in Sept), and the other three (opened earlier in the year) are still on 1.02% 🤷‍♂️ It’s a really poor experience not to move them all up/down in unison. ---
**Author:** ![projectfortytwo](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/projectfortytwo/32/82645_2.png) [@projectfortytwo](https://community.monzo.com/u/projectfortytwo)\ **Post date:** [28 October 2022 17:06 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/181 "2022-10-28T17:06:15Z")
> [@o99](#): > > the other three (opened earlier in the year) are still on 1.02% Yes, just realised that all of the Shawbrook pots in our joint account, containing a not inconsiderable sum between them, are still at 1.02. Which, frankly, is taking the piss. ---
**Author:** ![monzo2018](https://avatars.discourse-cdn.com/v4/letter/m/f14d63/32.png) [@monzo2018](https://community.monzo.com/u/monzo2018)\ **Post date:** [28 October 2022 17:16 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/182 "2022-10-28T17:16:05Z")
These are the previous Shawbrook rates, so I assume it’ll just be pots opened from 20/08 onwards - which started at 1.55% - that are getting bumped up to 1.81%. ![image](https://global.discourse-cdn.com/monzo/original/3X/0/a/0adf9fc297bea3c25c40bd37b9ce785e9cc74a48.jpeg) ---
**Author:** ![monzo2018](https://avatars.discourse-cdn.com/v4/letter/m/f14d63/32.png) [@monzo2018](https://community.monzo.com/u/monzo2018)\ **Post date:** [28 October 2022 23:03 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/183 "2022-10-28T23:03:41Z")
I got an email from Monzo today confirming the higher rate. There’s a word or two missing from the highlighted sentence lol. ![image](https://global.discourse-cdn.com/monzo/original/3X/5/5/55c806ab5a0e5b1e6c4a5bf2a62c1cad85a302e3.jpeg) ---
**Author:** ![Carlo1460](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/carlo1460/32/122202_2.png) [@Carlo1460](https://community.monzo.com/u/Carlo1460)\ **Post date:** [29 October 2022 00:21 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/184 "2022-10-29T00:21:22Z")
Without the full page visible to what it’s referring to in its entirety, only seems one word is missing and that’s the brand/group that moves their interest rates ---
**Author:** ![Revels](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/revels/32/120556_2.png) [@Revels](https://community.monzo.com/u/Revels)\ **Post date:** [30 November 2022 10:43 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/185 "2022-11-30T10:43:00Z")
Quite bad that my way of knowing that the interest rate for a Monzo pot had changed, was whenever @monzo2018 posted to say about it. I just checked myself and there’s now one at 1.95% (I know I can get the better elsewhere, but I don’t want the extra effort to manage a joint savings pot for a short space of time, this suits me and I know I’m earning less than I could) ---
**Author:** ![MarkDyos](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/markdyos/32/62649_2.png) [@MarkDyos](https://community.monzo.com/u/MarkDyos)\ **Post date:** [1 December 2022 17:44 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/186 "2022-12-01T17:44:46Z")
Will my Shawbrook savings pot bump upto 1.96% from 1.91% automatically like last time or do I need to withdraw and reset up to get the new rate ? ---
**Author:** ![l33t](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/l33t/32/111145_2.png) [@l33t](https://community.monzo.com/u/l33t)\ **Post date:** [1 December 2022 17:54 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/187 "2022-12-01T17:54:15Z")
Charter just made a new pot that’s 2.58%! ---
**Author:** ![Paulw](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/paulw/32/96457_2.png) [@Paulw](https://community.monzo.com/u/Paulw)\ **Post date:** [1 December 2022 17:57 UTC](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627/188 "2022-12-01T17:57:35Z")
You beat me to it. That’s better than Marcus now! [Previous page](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627.md?page=8) [Next page](https://community.monzo.com/t/changing-interest-rates-within-monzo/130627.md?page=10)