first direct or co-op?
I’m feeling it’s time for me to partially move some savings away from Monzo as well, especially now that my 4.11% pot will now be paying just 3.37%.
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Co-op! (just a warning to others you need a current account first, which does a hard search), but I’m just going to add on my saving pots amounts as I get a maximum of £250 to add in each month and I won’t be getting close to that amount yet.
I’ll be cancelling my max membership if this the new way they are doing this I want external pots and pots with next day withdrawals
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External savings pots let you schedule withdrawals.
Monzo instant access savings pots don’t.
Loss of that functionality would be a real pain.
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We can hope they add scheduled withdrawals to their instant access accounts once this has settled down then.
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RIP the marketplace idea?
I can see how this change simplifies savings pots now.
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Had the same email about my Oaknorth pot, to the same interest rate.
Nothing yet regarding my 4.00% Paragon, 4.09% or 4.12% Shawbrook ones.
Glad the team over on X were able to close this one off for me 