Our all-new Savings Pot is here 🎉

If you go to the home screen you will see an option to edit which pots are shown in your app (a little pen icon in the top right of the screen)

You can hide pots if you like so that they won’t show up until you un-hide them again.

Our Instant Access pots support locking. It’s not the same as a delay, but it might help you out if you just want to introduce a bit of friction to withdrawing from the pot.

Hope it helps :smile:

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No

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Bu99er.

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Is the pot classed as a separate account or just like a regular pot? So will a soft search be pulled and will it have its own Account details like some saving accounts do?

It is one per account so you can indeed have one in your personal, and one in your joint :+1:

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It’s just a pot.

So no credit search.

What saving account does a credit search?!

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On the hiding/unhiding - yes someone else pointed me to that. The way it’s implemented isn’t ideal (see here for what I mean by that) but is better than nothing.

Ability to lock a pot doesn’t really address my concerns regarding access unless there’s an option to set a delay on unlocking.

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Virgin Money
The Co-Op
Natwest
Yorkshire BS
Britannia

All was easy access and all did some searches on me, all of them also have their own account number and sortcode thats why i was wondering.

I’ve got a NatWest savings account and at no point was any credit search done on me.

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Did you not open a current account with them at the same time especially since ones like Virgin require you to have the current account?

Opening a current account will do searches most of the time.

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@andrew_fishy I don’t think that addresses the question I asked. You can inform everyone about increases and decreases without everyone being on the same rates.

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Everyone gets 3%

Chances are they’ll do a promo where new customers get 4% or something as they’ve just given them £40.

Again, this isn’t what I’m asking.

The following type of scenario often happens with 3rd party savings pots in Monzo marketplace…

  • Customer A opens pot today and gets 3%
  • Customer B opens pot in 6 months time and gets 4%
  • Customer A might have had a rate increase (and been informed about it) but it won’t necessarily have increased to 4%

At Zopa this doesn’t happen. At Zopa, the rates given to new and old customers move up and down in unison.

I’m interested in how this new Monzo savings pot will operate in this regard.

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My bet (and hope) would be that Monzo would maintain a consistent rate for both existing and new customers. Different rates sounds like a marketing headache.

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Did you have update the app or did it just appear?

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What a day. I can have 2 savings pots :boom:

Peeps without Joint accounts be like
vvKhw

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I’ve had a few do a soft search for KYC and AML purposes but none do a credit search.

If we dont have it now what does the rollout look like?

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Your time had to come. You’ve been waiting long enough.

inserts 86 years gif

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5kn9o5

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