Deposit interest
We’ll pay interest on positive account balances for all Monzo Plus account holders. We’re still internally debating whether we should go for a high interest rate with a low cap on balance (e.g. similar to Nationwide FlexPlus with 3% up to £2500), or a low interest rate with a high cap on balance (e.g. 0.6% up to the full FSCS limit). This is definitely coming, but it may take a while to model it out and might require some experimentation.
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