Our all-new Savings Pot is here 🎉

To the horror of @leepethers and @emmag, I’ve got my crayons out.

This is what I imagine on the homescreen:

Here, the savings account becomes a first class Monzo citizen.

But more than that, when you tap on the card, I envisage you being able to see / create pots within the savings account immediately below it!

I’ve put an “unassigned” pot so that all the number add up - everything not in a pot goes there.

Similarly, I’d expect the horizontal pots to pop up below when you tap the current account, too. And I’d like the main card to be configurable to show either the total account value, or just what I’ve called the Unassigned value (it needs a better name).

The savings pots would be completely separate from the current account pots. I’d have them only pop up horizontally when you tap on the main account - and then only if any pots have been created from that account. I’d also have a configurable vertical list down below, where you can choose what connected accounts, current account pots, and savings pots to display, in what groupings and in what order.

This is what I think we need!

(And I’d extend the concept so you can promote connected accounts to the main cards up top - and create pots for them, too!)

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Noooo. Not horizontal, please…

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In my dream set up, horizontal pots would only appear when you tap the card, and only then immediately before - like you’re seeing an extension of the cases showing a breakdown of the compartments or pots inside of it.

Down below you could choose the vertical list of your own dreams:

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Love this

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Just transferred everything from my old pot to the new savings and I’ve gotta say, it was so easy, no hassle, super transparent, and exactly what I’ve come to expect from Monzo really. Looking forward to more stuff! :clap:t3:

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It’ll be easier when pot to pot transfers are available :soon:

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Quick question for anyone, why is it taking like four days or so for my money to go back into my account from my savings pot as opposed to the kinda “next day” as an easy access one states?

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When did you ask for it to be withdrawn? If it was on Friday, then Sat/Sun don’t count and it’ll likely arrive later today

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Have you chosen the correct pot?

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Taken from the Saving Pots “how it works”:

You can take out money at any time but it might not reach your account until 5pm the next working day

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Moved my salary from nationwide to Monzo because of this

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All sorted thanks, I’m certain it was earlier than Friday but maybe late in Thursday or something. Thanks everyone who replied :grin: x

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Hi, I’m trying to setup an instant access savings pot, however I am receiving this error once I accept the legal documents and click next. Any ideas? thanks

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Does monzo automatically declare the interest to HMRC?

My previous savings accounts required my NI number for identity and to auto report it but monzo never asked for my NI

For a normal savings account or for an ISA?

I’ve always been asked for my NI for an ISA, presumably so HMRC can check I haven’t been a bad boy and paid more than 20k in.

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No they do not

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Yes, they do.

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It’s probably just for KYC when you get asked.
I’ve been asked mine for just normal savings such as instant access.

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Where did you find this?

I tried looking but can’t see anything

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Its an HMRC requirement for financial institutions to report how much interest they pay.

TLTR version here

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