Making Monzo: Savings Pots

Making Monzo
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Manage your savings with your other Pots:

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

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

Here’s a blog post explaining how it works:

https://monzo.com/blog/2018/11/01/savings-pots/

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.

Update 16/11: We’ve now rolled out savings Pots to all users. Let us know what you think!

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!)

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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:

https://community.monzo.com/t/savings-pots-feedback/49589

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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).

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

https://community.monzo.com/t/savings-pots-feedback/49589/237

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Hey all! We’ve now rolled out Savings Pots for everyone!

Thanks for following along, and keep giving us your feedback in this thread:

https://community.monzo.com/t/savings-pots-feedback/49589/