I’m so late to the party with this, but I’ve just realised that you can switch your old Shawbrook savings pots, to Monzo instant access pots, which have much better interest, at the press of a button!
The pot image, name, scheduled transfers, and progress bars etc, all move over too 
So naturally I’ve done this with all my personal ones, I come to my joint account, and nope. Cant do it with those 
My Instant Access rate has just gone up to 3.75% (I am on Max with a 0.25% bonus) 
Mine has gone up from 3.25 to 3.50%. The select access remains at 3.65% - also on Max
I guess we’ll get a notification at some point 
They seem to be moving to a Revolut model where it goes up with each plan you have.
So Extra now gets a boost of 0.25% (up from zero boost) and Max now gets a boost of 0.75% (up from a 0.5% boost).
Standard and Perks have no change.
Monzo One 4.0%
Yeah, I imagine they’ll do similar to Revolut and offer 4% on up to £X, and then the 3.5% on everything above that. What they set that limit at, who knows.
Oh hang on - I got an email about this on the 22 July. However, it says my rates don’t change so I ignored it.
We’ve updated our Instant Access Terms and Conditions and Summary Box because Instant Access Savings will now use tiered interest rates based on your Monzo Plan and any bonuses you may be eligible for.
Your interest rate isn’t changing as part of this update – it’s staying the same. Your access to your money isn’t changing either, so you’ll still be able to withdraw whenever you need to.
That’s a separate email that they sent out.
I got that one on 22nd July as well.
That was about these changes: Monzo Instant Access Cash ISA Pot Terms & Conditions
Ah ok. No wonder I ignored it haha.
What about joint pots… they’re not mentioned. Mine is still showing as 3.25%
Starling are offering 4% for a year, I thought Monzo would at least match that on their paid plans.
I got it now too. And I read the summary box now too, it applies the lowest of the tiers between joint parties - so if one has max and the other doesn’t have a paid tier, it’s 2.75% and so on.
Some people just want their money to be easily accessible, or they don’t care about the rate and just want the separation.
I could be earning 4.5% on my short term savings, I choose to earn 2.3% to have it in the same place as my current account.
AFAIK Monzo is still one of the most competitive instant access flexible ISAs..
Not really.
Chip is 4.41%, or 3.75% after the bonus period.
Atom is 4.25%
Bank of Ireland is 4.21% for a year
Post Office 4.16% for a year*
Tesco Bank 4.06% for a year
Tembo 4%*
*Might be next day access, I’ve not got experience with these providers. I know chip and Atom is instant transfer to linked account, and the Bank of Ireland saver would likely support faster payments, as well as transfer to a BoI current account.
And that’s the trade off. You either have a high interest rate, but it might be next day access, or you have a lower rate but it’s easier to access / it’s already provided by your main bank.
These rates aren’t difficult to find. I use www.finder.com/uk/ to find these rates.
Atom 4.25??!! Is that an intro offer or something?
cash isa
I’m fairly sure Chip is the only flexible ISA on that list, though I will agree that is a good rate.
