Latest easy access rates for Monzo:
1 Like
Pathetic rates, hence all my money moved elsewhere.
1 Like
To be honest, itās not so much the rates for me, itās the lack of easy access and the minimum balance requirements.
If savings pots were instant access (and could go to Ā£0) Iād definitely use them to stash cash during the month.
Wouldnāt use them for proper savings, though, unless the rates were the best I could find. And given that OakNorth and Shawbrook are always going to offer the same account with a higher interest, then sadly Iām unlikely to use Monzo for that. 
Whereas Iām happy to take a slightly lower rate to keep it all in one place, I wonāt ever need it urgently today, so waiting for the next day isnāt an issue.
5 Likes
Iāve just recently set 2 pots up, one for cambelt replacement in June 2026 and one for the car servicing. Quite happy to have them sat in those interest bearing pots. Itās in one place, itās just collecting away without me noticing. I know when Iāll be using the cash, so can withdraw a couple of days before needed.
3 Likes
Despite the update, still really hopeless rates.
Zopa has the far better 2.86% for instant access.
Obviously instant isnāt quite the instant that, for some reason some think must be within a few seconds (that just shows a lack of planning) but more than quick enough for me.
Mind you, as I have said this before, I was brought up in the time of cheques.
Iām not sure they are hopeless. Iād call my empty NatWest saver with 0.5% hopeless. Agreed Monzo are not the best rate but not bad if you like having everything visible in the app. Iām currently getting 2.58% with Monzo Joint pot and Iām happy with that.
1 Like
Thatās why they are usually referred to as āeasy accessā. Zopaās not bad, though - 10-20 minutes in my experience.
Iām more than happy with a couple of hours.
I donāt mind the rates increasing but itās happening so much that Iām archiving too many pots 
I do wish they would just update the rates so I donāt have to keep doing it. I hate archived potsā¦
13 Likes
On earning interest on āeasy accessā, Monzo never seems to have the best productā¦ constant changes to interest rates means you have to close and reopenā¦ the rate is always lower than other providers, e.g. Nationwide, Chase or Zopa and the worst bit for me is that you can only access the funds the next working day!
Good concept, bad execution.
1 Like
The interest on my paragon pots has just been increased automatically! 
Although this was not the case with my Shawbrook pot 
4 Likes
What did it increase to, and how long have you had them open?
The rate was increased from 1.0% to 2.0% ā¦ with one pot being around 18 months old and the other around 6 monthsā¦
Monzo notified me of the increase by email todayā¦
1 Like
I have had a few now including one today. I first mentioned it here last yearā¦
Iām still taking the approach of keeping all the different savings pots open and shuffling the money to the highest earning pot at any given time (rather than archiving). As far as I can tell, Iām able to get the best offer without creating new pots. I just change the colour of the pot with the highest earning savings rate and make sure the money is in that one.
Wait I donāt get this. All your pots automatically update?
1 Like
They should. Just very very slooooowly.
Iāve still got the one that looks like it was an error, quite surprised at that.