Have used both the app to try and find the interest rates, especially for an ISA, however I keep getting referred to a page (Saving with Monzo | Grow Your Savings With Monzo Saving Pots) that doesn’t show interst rates, nor provides any information on how to find them.
In addition, there is a button asking me to sign up to Monzo, but no option to login.
In app, you are shown the interest rate you will get when you go to set up a “Savings Pot”, which includes ISAs.
Thank you. It seems odd to make it NOT publicly available, i.e. you have to have an active Monzo app to access the rates. Probably NOT your problem though, and it doesn’t reduce the appreciation you deserve for replying.
No worries at all.
To be fair, you can’t use the savings features without having a current account, so I can see that logic from Monzo, but it would be nice to see the rates on the website.
My assumption is if they aren’t advertising the rates publicly, they probably aren’t that competitive.
Interest rates are not great anywhere right now. Monzo is 3.25% (+0.5% for Perks/Max)
The rates are advertised here: Let your money grow with an Instant Access Savings Pot
True, others advertise rates that are even less competitive (seen as low as 1.25%). As you might expect, those offering over 5% at present seem very loud and proud of that, however with FSCS limit, it is worth spreading.