Instant access savings pots - what's the point?

Yes, I do.

I don’t remember saying I was switching banks.

So you’ve bitched and moaned about how terrible Monzo are. They’re taking more interest than you get, support is terrible, they made big losses and you think they’ll go bust… But you’re keeping your account?

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It still has it’s uses. But yes, support is terrible & the pots are pointless.

Anyway, I’ll leave all you angry/aggressive monzo defender accounts to continue flagging posts from customers you don’t agree with. Have fun.

It’s not about defending monzo, it’s about being rational.

We have pointed out this is a customer forum that rarely staff appears in to comment.

The fact that because you think Monzo should take less profit doesn’t mean anything. But if you feel strongly about it then it’s worth contacting them via chat to leave your feedback in why you won’t be choosing them.

I’ve also pointed out that the 0.35 difference is £3.50 over the year for every grand you have saved. For a lot of people that’s not a deal breaker.

I think if you take a step back and come back later you may see that its you who has been angry and aggressive in your posts. Maybe not.

I’m always here :wink:

However I have no idea about the commercial terms of our agreements.

The only posts that are angry/aggressive are your own :confused: That being said I’m not sure why your post was flagged - it should give you a reason but I’d imagine a mod will override it soon.

Also FYI… I think you’ll find that nobody on here cares whether you stay with Monzo or not. So I’m not sure why you’re saying this either.

Out of curiosity, where are you moving your funds to? I’d just like to know to keep my options open in the future, and who wouldn’t say yes to more interest?

I personally only have high interest rates as I signed my contracts for my savings products before COVID19 and the various providers have to honour them(Contract wise). I keep my rent in a pot as I pay it quarterly and it helps me forget that money is there. I would say have one bank account and many savings products is the way to go… as you can then tailor the savings products to your level of risk etc.

They’d have no stupid customers left! Perfect.

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It doesn’t necessarily mean that

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Well that was entertaining…grumpy man accuses fellow customers of being aggressive. I’m guessing Ann in disguise?

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Cheerio​:wave:t2::wave:t2::wave:t2:

You don’t actually have to wait in chat you can come out and it will still update you,

Response times during COVID-19 is obviously allot longer and they much more important queries to deal with.

Good luck with the other bank though :grin::grin::+1:t2:

it certainly is.

I would say more like 50/50 customers/fake accounts…lol

What you have to remember is when Monzo first arrange the fee they would take the interest rates were considerably higher. This means their cut was smaller in relation to what us Monzo customers used to earn.
Now interest rates are low and their fee is probably still the same.
As had been pointed out unless you have pots of dosh the actual amount less you are going to get can be considered a small payment for the convenience of having everything under one roof. You “Ain’t gonna get ought for naught.”

My address wrong I have change my new address

Contact Monzo and let them know.