Nope, looks like they have rolled it out for users who upgrade but not to the current upgraded accounts.
Was pushed to the new interest system today. Iām glad there might be the chance at more than one savings pot very soon but Iām hoping we can get some more features on savings pots
Nope
No.
Nope.
Although the email about the new interest rate keeps saying āpotsā instead of āpotā, so it must be coming.
Although you can have 2 pots currently with the safety net so theyāre covered by that. Hoping to see additional pots though!! Iāve moved my pots to Zopa but will happily move them back if I can get more pots.
Still Nope
The email specifically says āPersonal Instant Access Savings Potsā, so in my understanding, that does not include the āSafety Netā potā¦ right?
maybe? Itās instant access I guess.
Hopefully multiple pots will be announced soon 
Are we thinking multiple savings pots will only be for plus/premium users?
1 Like
Nope. As a Premium user, I received an email from Monzo today about the killing of the extra interest rate available to Premium users (in addition to the interest given with IASP)
A big
from Monzo to their most loyal, and paying, customers.
That opinion aside, multiple savings pots at a steady, non-Premium-tiered-rate, should be available to all.
So from a paying customer, a very large
to Monzo for taking paid-for benefits away.
In case that wasnāt clear enough
to the Plus/Premium āteamā (does this even exist now?) that have failed subscribers yet again.
Pathetic.
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Wow. I did not receive this!
So what rate will be applied to Premium subscribers?
4.6%
Thatās the current rate. The post suggests itās being lowered?
David is referring to this
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If it does I really hope they do something with both plus and premium. As products both are stagnant and havenāt fundamentally changed in a long time.
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What I donāt understand about this change is if you have to open a new pot to get the rate? Itās muddy.
Does anyone know if multiple easy access accounts means that the balance can exceed the upper limit of 100k or would they all collectively need to add up to less than 100k?
I look to the Savings and Investment team.
They have consistently got the big calls wrong:
- Limited to one savings pot
- Kneecapped pot budgeting by not allowing for bills pots
- Created a mediocre and uncompetitive investments product
- Created a poor implementation of an emergency fund (āsafety netā) that is unimaginative (whereās its role as a user-created overdraft?) and limited to a specific period
- Created a separate section of the app for āsavings and investmentsā in a vainglorious attempt to have ātheirā bit of the app - not only making it more difficult for the user but once again undermining the wider product
- Refusing to consider rewarding paying customers with interest bearing bills pots, or in providing interest on the current account like Starling (or even Chase).
- Being as petty as preventing scheduled withdrawals and IFTTT being used to take money out of savings pots.
And no, we donāt necessarily need market leading interest rates for everything. But bills pots at 3% would still provide a significant margin and benefit to the customer. Thereās neither the imagination nor the will to make it happen.
Frankly, it feels like the savings and investment team are out of touch and treat the customer base with contempt. If I were leading it, Iād be considering my position.
32 Likes
Bloody hell. Someone didnāt have their weetabix this morning
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