Monzo Plus Roadmap for 2019 📅

[oliverdunk]

I’m very excited about a lot of these!

One thing I’m not so sure about is interest. Here’s the reason previously given for not offering it:

Monzo Current Account Interest?

Our current view is that the interest you currently get on most current accounts is close to worthless — at least for me, it’s literally pennies occasionally. We want to focus on helping you to connect with providers where you can actually grow your money, rather than spend time on interest that (we think at the moment) is not that important for most people. But would love to hear your thoughts!

Have the views on the importance of it changed? I’d still say that they’re valid.

Also, it seems like one of the following must be true:

• It’s fairly inexpensive for you to offer once implemented, in which case, it should be made available to everyone.
• Providing interest is costly, so the price of Monzo Plus would need to be increased to account for that. We’d basically be paying for the interest in the cost of Monzo Plus and that seems pointless.

Interested to hear if I’m missing something