I see your point and look at things in a similar way - I have maxed out my Tesco current account to get 2.5% on the first £3000 but you need to look at the opportunity cost. If monzo can get me managing my money better so I cut back on lunches at pret and squirrel away £20 a month extra through clever rules on pots then that it having way more impact on my wealth than the £5 or £6 interest I get from Tesco. If you are already great at managing your money, have plenty of it and want the best return then monzo might not have that much to offer you. For those who struggle with financial discipline the features can have a dramatic impact.