Interesting paying account

[Jackcrwhitney (Jack)]

Hi, I think this has been brought up on the forum before…

Just had a little look and here are some comments from Monzo regarding this:

Monzo Current Account Interest?

Our current view is that the interest you currently get on most current accounts is close to worthless — at least for me, it’s literally pennies occasionally. We want to focus on helping you to connect with providers where you can actually grow your money, rather than spend time on interest that (we think at the moment) is not that important for most people. But would love to hear your thoughts!

I think they are also looking into cash back type offers with merchants as another way to get a bonus for the consumer.