Also, this is good for Monzo as more money in their main accounts means less money is being paid to third parties in theory. So means that more money for Monzo to spend on something else (thinking as an investor lol)
But yea if you do a Fixed ISA at 1.55% its more than a Marcus account. Buttttt yes, it’s fixed. Bit of a too and throw. 
Overall, im happy with it so I can earn interest in both parts, a bit more freedom.
I don’t think this matters much, Tom said early on that the goal is to lend a relatively small proportion of their balance sheet (which means unless they’re bumping up against some sort of hard limit, they have some flexibility to lend a larger proportion too) so if that’s not changed, it wouldn’t be a factor.
I’m happy with what Monzo offer - I really like the iterative pace of features
I agree with you. It’s great for Monzo, but does seem to obselete the flexible savings (apart from ISA for tax reasons)
I plan to store more money into Monzo because of this, so personally not complaining, just not understanding the competitiveness of other products
£3 a month deal is over, £6 a month now. I think the interest was worth the £3 a month as I won’t use any of the other features (yet), but now I’m in the position where I don’t feel £6 is worth it now. Looks like I’m still going to wait until the rest is in place.
Interest on regular pots too is fantastic so you can keep your savings separate from your main account.
Glad I jumped into the £3 early bird offer at the start of the month.
I’m really glad I got in on the early bird offer. Only took it a few days ago.
New thread &blog post 
Nice to see this mentioned in the blog post.
Can someone explain to me how interest works on a current account please? I know if I had a savings account with £1000 in and left it like that for a year I wouldn’t make much on it, something below £20, but does this differ? As money will go in and out daily? Apologies for being dumb.
You earn interest daily, on the balance on the account (usually at the end of the day). For example day 1 you have £100 you get 1.5% of £100 for 1 day. Day 2 you have £2000 you get 1.5% of £2000 for that day (plus the interest for day 1). Etc etc
This might help:
In summary:
The 1.5% is per annum so you need to work out the daily rate
£4000 for a year at 1.5% will earn you £60 in interest so that’s the maximum you can get.
Yep. This has some good information:
I’m not sure I really understand the question. Nothing to do with employment (income) but is linked to the balances in all of your regular pots and current account.
This was the interest option I hopped they’d go for.
£4k at 1.5% AER = £60 interest per year, take that off the cost of plus (£6 x 12months = £72) means that you are only paying £12 annually (£1 per month) for the core offering.*
In my opinion this is great value if any part of Plus is attractive to you. At the minute that still isn’t where I’m at but once phone insurance, a metal card and perhaps more retailers that I can get a discount at (i.e. places I actually spend money at already) are on board, I’ll be signing up.
*Obviously ignoring the fact you wouldn’t have spent the intrest if you saved your £4k elsewhere and weren’t using plus.
This is only if you have above 4k overall across your balance and pots for the full 12 months, I’m sure a lot of people won’t!
This is true, but I can only speak for myself.
I’m currently working on having an emergency cash pot which will have the equivalent of a few months pay (which will meet the max £4k criteria). I always intended this to be a standard monzo pot due to the purpose behind the pot, super accessible and instant in an emergency.
So this pot was never planned to earn interest for me but at least moving forward with Plus it will add some value for me.
It was the opposite for me. I have £4k+ lying around as a buffer, but I get 1.5% on it from Marcus. Having a higher % from Monzo on a smaller amount would have been better (for me), since the rest could sit in Marcus at 1.5%.