Hi,
I’ve got “Easy Access Savings Pot” available, which have around 1% AER, and “Fixed Savings Pot”, which pay up to 1.71% AER (but you’re not actually getting the 1.71% because AER is computed “as if you get compound interest”, which according to the Monzo help, you don’t on Fixed Savings pots.
However the Monzo help also says there are Flexible Savings pots, where you do get compound interest.
I don’t want to save a 1-time sum, I indeed want to save monthly, so I’m looking for those Flexible Savings pots. But I can’t find them anywhere in the app? The in-app Help says they exist? It wouldn’t make any sense to not have plans where you can save monthly (with interest)…?
Thanks!