While I think the pot metaphor is a reason some people feel uneasy about using it for their long-term savings, I want to be clear that its not just the name of the product. Just renaming it a vault won’t change how people feel about it. It can probably still be called a pot, but Monzo need to treat larger sums of money in a meaningfully different way to help people feel like that money is being taken seriously.
I put up a shelf in my living room last weekend for my partner’s growing house plant collection. I wouldn’t expect that same shelf to hold a massive dragon blood tree…
