Our vision to help people earn more from their savings

That’s strange - it’s there for me. Perhaps it’s rolling out slowly?

1 Like

I suppose. Or some kind of test.

So when you click, “No, don’t make it an ISA” do you just get a non-ISA Easy Access savings account? Is it on the same terms as the ISA? (provider, rate, minimum opening deposit etc)

I don’t get any of those. I’ve got a button that asks if I want a notification when they are made available.

That’s weird. I thought at least the 1.14% ISA was now available to everyone.

Ah of course. I already have one of those, that would be why.

2 Likes

It was an email i received the other week saying that they were launching with Monzo & Starling but yes it might something else Monzo is launching too but it was just a guess for me.

image

Are you going to make it simple to convert a savings pot?

For example I have an Invetech Pot with say £10,000 in… currently offers 1%
But then say I want to move it to a new provider via Monzo whos going to pay me 2%

I don’t want the hassle of moving money out of one pot, closing it, open another and add the money… Will I be able to just simply change the Pot to another provider without the need for manual input.

2 Likes

And in a similar vein are you going to offer transfers in? I’ve got money in a Cash ISA elsewhere that I’d like to move over.

It will depend who they go with but most Cash ISA providers let you transfer in (it seems fairly illogical not to)

Sorry, I meant an automatic transfer where I tell :monzo: where my money currently is and they just take care of it for me like CASS for a current account.


This is half way there, I need to manually close my existing Cash ISA down and move the money into my :mondo: account.

1 Like

That is what I thought you meant and definitely the right way for it to be done.

Switching to get the best interest/the right pot for you should be simple

1 Like

Unfortunately, right now we can’t let you transfer money from an existing cash ISA into one with us. But it’s something we’re hoping to introduce in the next few months.

5 Likes

Oh, that’s a pity. I’ve ended up with an orphaned Cash ISA because I used CASS to go #FullMonzo :slightly_frowning_face:

Guess I’ll have to leave it with my old bank until you have a way to do it.

1 Like

If you’re not seeing the non-ISA Savings Pot, try updating your app. We’re also rolling these out gradually, so they might not be with you yet. Stay tuned!

5 Likes

@MaxWinston PS This is how RateSetter are doing it - means printing a form off and sending it in (because they require a signature?). Reckon :mondo: can do it better!