They said in the āWhat Weāll Build in 2019ā post that itās in the works. Iām looking forward to that too.
Visibility of more of your accounts in Monzo. Weād like to give you a way to see all of your financial life in one place, even if those accounts arenāt with Monzo. This could cover things like credit cards, other savings accounts, or even your mortgage.
Original Post: https://monzo.com/blog/2019/01/29/2019-features/
Fab! Thanks for finding and sharing that
Looks like this might be improved. From the article:
Some of the ideas weāre exploring include:
- quicker access to your savings (at the moment Flexible Savings Pot withdrawals take up to one working day)
Hi! This is on our radar and over the coming months the team will be exploring if we can do this.
I agree - my old current account providerās easy access saver gave just 0.2% AER interest!
Are deposits and withdrawals to the Tesco Saver instant from non-Tesco accounts?
Agreed. But some of those current accounts do not offer 0% on credit balances held in the current account.
Really depends on size of deposit and duration it is going to be in there really, doesnāt it?
Assess each on its own merits and make a decision accordingly.
I donāt know as I currently have a Tesco current account (earning 3% on Ā£3,000) so have never withdrawn to a non-Tesco account.
Deposits from Monzo to the account appear within minutes.
Withdrawals from Instant Saver > Tesco current > Monzo are swift and practically instant using FP.
My Tesco current was set up years ago, pre requirements, so just sits there as a savings account really.
Monzo is my main account, so would be great if they could offer something a bit more competitive. Until they do, Savings Pots are short-term goals for me, for minor sums. I can forego the odd-pence style interest on those 
Iāll stick with Marcus. Instant access (within 2 hours but generally instant), no minimum and 1.5%.
I spotted Skipton recently have made an easy access, flexible ISA with 1.48%.
https://www.skipton.co.uk/savings/isas/online-bonus-cash-isa
Marcus is probably the better move for most though. I can see the appeal of sacrificing the quid or so a year keeping it under one roof with Monzo esp if you arenāt playing with 10s thousands in savings.
Far better return keeping extra savings in shares or property if you have it tbh.
Nice!
Coventry BS has just increased theirs from 1.45% to 1.47%.
I wonder if the building societies are feeling the heat from Marcus et al
There was a definite Marcus effect in that several banks and building societies increased rates shortly after Marcus launched.
Iād be really keen to use this feature. Can I sign up to be one of the first to get it?
Iām afraid not.
Interesting! Would be a nice addition.
Shawbrook also offers the best rate in the Monzo marketplace on Flexible Savings Pots today.
With how easy it is to move money within Monzo between different pots it will be interesting to see if different providers start competing against each other.
With the higher %, lower minimum balance, and just a few taps to move from Investec to Shawbrook I canāt see why anyone who reads this blog post wouldnāt move any savings straight over.
Knowing that the Investec pots had to have new signups turned off because they had reached their maxium limit then that will be a lot of money moving out of Investec. I wonder what the chances are that they would adjust the terms of their existing pot to try to get some of it back.
Thatās my biggest hope with the marketplace, the easy of access to multiple products is great but creating a competitive market as there are more supplier and more customers should be a consumer win 
Iām no banking expert so please feel free to educate me but none of the Monzo savers options seem competitive?
I want Monzo to do well, Iāve invested in Monzo and convert as many people as I can to use it as their day to day bank account.
However, the fact is that if I want to earn interest on my money, Monzo is never the top choice for easy access or otherwise.
2 that come to mind as examples are
Marcus 1.5% true easy access
Natwest 1.5% Instant access saver (1.5% if you put in 50 quid minimum a month).
There are still ties to Natwest I have purely because I get a better deal
-Cashback on Bills of 2%
-Credit Card with 0.5% cashback on all spend and higher on groceries (canāt remember the amount)
-As mentioned above 1.5% back on an instant access saver
With the kind of money I earn, it simply isnāt worth taking a hit for convenience because Iām not making a lot of money on my savings as it is.
I do other things like invest in P2P lending and am trying to understand the stock market etc. better but even then I wonāt be exploring stocks until I have at least 50% of my yearly salary in savings for security which will take ages.
I really want to see Monzo give the mainstream banks a real run for their money and despite the fantastic app and current account, there just isnāt that offering for those that want to make their cash work harder
They are competitive ā¦ if you compare to equivalent accounts at the high street banks. These are probably the main competitors because like Monzo, they provide the ability to have your current account and savings account under one roof.
There will always be specialist savings banks (e.g. Marcus) and the odd account at high street banks (e.g. the Natwest account you mention) that will beat it but I donāt think you have to be market leading to class as competitive.
EDIT: For example, see this comparison I did of easy access ISA rates between Monzo and the main high street providers. Monzo is among the best.
I think thereās a difference between being market leading and competitive. I donāt think these rates are too bad really - theyāre just not top of the table.
I donāt think Marcus does and I know the Natwest account donāt require a minimum starter amount
The Natwest account does require a regular saver of Ā£50 to qualify but my thinking is that most savers would do at least that anyway.
My main issue is that there seems to be little to no passive income generated via Monzo (My cashback example on bills being my main argument here as I canāt get a credit card with Monzo) and the interest rates are not matching the competitors,
I know other traditional banks are offering these passive incomes too without putting it behind a plus paywall etc.
I agree with this, however I donāt know if the ones I linked are market leaders are they?