Interest on Monzo accounts?

[Peter_G]

The topic of interest was raised during a recent Q&A with @tom, Monzo’s Chief Exec:

Monzo Staff Weekly Q&A - Tom Blomfield (CEO)

Will you ever offer any sort of interest on savings?

Monzo Staff Weekly Q&A - Tom Blomfield (CEO)

Maybe. The issue is that we don’t yet have productive ways to lend out the money. Instead, I’d like to offer partner banks on our marketplace, and give users the ability to turns “pots” into “savings pots” and earn interest. Still within the Monzo app, but sitting on the balance sheet of another bank.

Granted this was about savings rather than the current account, but I think it shows the general thinking.