tomsr
18 November 2017 16:54
5
Whilst there aren’t any plans to offer interest on current accounts, Marketplace will allow integration with other services that may offer interest rates for savings etc.
Whilst we won’t offer interest on Monzo current accounts, we will be looking at other perks we can offer. Once we begin to develop the marketplace framework, there will be some great opportunities to pass on some value, either via retailer funded loyalty schemes or deals offered to Monzo users only when they connect to a service through the app. The marketplace banking model will offer visibility on more competitive rates from other service providers, which could help our users make some worthwhile savings too!