Making Monzo: Savings Pots

(Naji Esiri) #1


Manage your savings with your other Pots:

You’ll be able to open multiple Savings Pots, with a minimum balance of £1,000


We’re working with Investec to pay interest on your savings.

Here’s a blog post explaining how it works:

We’ve currently rolled out to about 300k people. We’ll keep you updated as we bring it to more folks.

Update 12/11: We’ve introduced a limit of £250k into your Savings Pots with Investec.

In the meantime, we’d love to hear from you…
How will you use Savings Pots?
Are you more of a short or long-term saver?
What do you look for in a savings product? (Not just the rate!)

(Richard Cook) #2

We’ve now started rolling out Savings Pots to everyone!

It’s coming out slowly, so if you can’t create one at the moment - stay tuned. It’ll be with you soon.

We’ll close this thread once everyone can create a Savings Pot. In the meantime, if you have it, we’d love to hear your feedback in this thread:

(Alexey) #3

Need transparent interest on the account itself, a-la Santander 1-2-3 account. So that I do not have to keep transferring back and forth and think about it. Currently preventing me from going full Monzo as it’ll be like switching from free account to a £40 a month account (losing interest).

(Richard Cook) #4

Here’s an update on the rollout and a change we’re introducing: