Pots

[alexs (Alex Sherwood)]

@anon6625950

Interested if some time in the future there would be ‘Monzo savings’ pot with interest paid.

It doesn’t look like it -

@anon37165488

we will have customer deposits (current accounts in credit) earning no interest

but..

In-credit interest

It looks like the answer’s no - It’s hard to see how Monzo would fund the interest payments because aside from the overdrafts (which will initially be Monzo’s only meaningful source of revenue), it sounds like they’re not planning to do anything with our deposits that would earn significant money. But obviously if you want to earn money on your balance, then you will be able to invest it, through a provider like MoneyBox who will hopefully be integrated with Monzo via Monzo’s marketplace.