Our all-new Savings Pot is here 🎉

[Revels]

I don’t use it for my personal account but I do a dump of my joint account once a month or so and it took me a minute to work out why my pots didn’t tally on my sheet to what my account said.

Poor Monzo, poor.

[Paulw (Paul)]

The interest accrued figure for May has been stuck on the same number for the last few days, maybe a week, since updating to the new pot screen. Anyone else experiencing the same?

[AlanMichaelChina (David)]

I’m curious whether there will be pots available within the instant savings pot. Its addition is great, but we’ve bundled all our savings pots together into the instant pot for better interest, making the other pots redundant. I really miss being able to sort my money in that way.

[PaulUK]

This why I run a spreadsheet, breaking down how my Instant Savings Pot is comprised.

Not ideal, I agree, but it’s how I have handled multiple pots within other savings providers’ accounts.

[npc_06]

@PaulUK

This why I run a spreadsheet, breaking down how my Instant Savings Pot is comprised.

This is what I do now, it’s annoying as the individual pots are the best feature in Monzo for me and they are now essentially pointless.

[Ashton]

Yeah that’s what I do, although I’m more lazier and just use the notes app detailing what it’s for.

[Peter_G]

@AlanMichaelChina

I’m curious whether there will be pots available within the instant savings pot. Its addition is great, but we’ve bundled all our savings pots together into the instant pot for better interest, making the other pots redundant. I really miss being able to sort my money in that way.

@andys this keeps coming up - it’s a real pain point for a whole bunch of us.

If there is a good reason why you can only offer one savings pot, then I think sharing that would help us get our heads around it. But if not, could we beg you to reconsider / deploy the emoji?

[N26throwaway (Sir Tom MacMonier)]

Savings pots are now 3.7%. Underwhelming following Chase’s announcement. Effective from right now though.

[yatin]

Would love to move my money back into Monzo - 4.5% would do the trick

[npc_06]

@N26throwaway

Savings pots are now 3.7%

Will be moving my cash savings out of Monzo given this disappointing news.

[Revels]

@N26throwaway

Savings pots are now 3.7%. Underwhelming following Chase’s announcement.

I know, it’s shocking. My £10k saved will get an extra 84p a month with Chase!

[hdwrng]

Yeah, I wish I had enough savings for this to be something to get frothy about.

[Kumnaa]

I just did the same maths across the various accounts and even though I was hoping for more than 3.7%, the convenience of having it all in Monzo still trumps the few extra pounds a year I’ll get elsewhere

[N26throwaway (Sir Tom MacMonier)]

@Revels

I know, it’s shocking.

Very shocking. That’s one less 4 pack of kinder chocolate bars per month if I stick with Monzo. Can’t afford that kind of sacrifice.

[tobyadams (#fullmonzo joint account since Aug18)]

I’d bet they will put the AER of the first party pot up to 4% by the end of the week

[npc_06]

@tobyadams

bet they will put the AER of the first party pot up to 4% by the end of the week

I doubt it when they’ve only put it up to 3.7% today.

[tobyadams (#fullmonzo joint account since Aug18)]

Oh, I missed that. Thought it had been there for a while…

They seem to always be in the ballpark of the top of this list:

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

If they stay at 3.7% then that’s really disappointing.

[Carlo1460]

Where you getting kinder for 84p?

[N26throwaway (Sir Tom MacMonier)]

Co-op. They’re even included in the meal deal!

https://shop.coop.co.uk/product/6b349331-17f5-4718-907c-bf22579fe948

[Revels]

Asking the important questions!