So the more I think about this, the more I think this nails it.
The problem isn’t the product, the problem is the way that pots have been conceived.
I think taking a step back and making some adjustments would reap rewards:
- Instant Access Savings needs its own card up top in Overview (the new home screen) alongside Flex and the Current account (give it a name plsthx).
- When it has its place at the top of the hierarchy, it then makes sense for there to be pots that subdivide the savings account, too. There would be two sets: current account pots (which should share the interest rate and terms for the current account) and savings accounts pots (which share the interest rate and terms for the instant access savings account).
- Indeed, marketplace savings
potsaccounts could even have their own cards and potentially pots, too. Just change the “Monzo” wordmark to OakNorth or whatever. With hindsight, it was probably a mistake to ever label these as pots.
That would make things simpler and more logical, I think.
I think there’s more that can be done around goals and around the design, but that’s the crux of it, I think.
Basically, the new savings account is in tension with the design here. It can be fudged by offering multiple savings pots, but I think this is a better first principles solution.
(Cc @leepethers, @emmag and @andys)