# Savings category for current account

**URL:** <https://community.monzo.com/t/savings-category-for-current-account/23780>\
**Category:** Monzo Chat\
**Created:** [25 September 2017 21:54 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780 "2017-09-25T21:54:58Z")\
**Posts on this page:** 13\
**Page:** 1

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**Author:** ![anon7337397](https://avatars.discourse-cdn.com/v4/letter/a/f08c70/32.png) [@anon7337397](https://community.monzo.com/u/anon7337397)\
**Post date:** [25 September 2017 21:54 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/1 "2017-09-25T21:54:58Z")

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I’m enjoying using the current account. So simple and familiar.

There’s a new use case in town!

I now have a need for a “Savings” category. I didn’t have this need during the pre-paid era.

Each month my salary goes into my Monzo current account. Each month I like to transfer some money to my old savings account (with my old bank 😮). I’d like to categorise that transaction as “Savings”.

I’m looking forward to “Pots” as this will help me split my money in my Monzo current account. However, I don’t think this solves the desire to categorise savings transactions that go elsewhere, as “Savings”.

What do you think?

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**Author:** ![anon93718513](https://avatars.discourse-cdn.com/v4/letter/a/d78d45/32.png) [@anon93718513](https://community.monzo.com/u/anon93718513)\
**Post date:** [25 September 2017 21:56 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/2 "2017-09-25T21:56:03Z")

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+1

Totally agree and would make for an interesting extra metric 😄

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**Author:** ![maxthetenor](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/maxthetenor/32/60390_2.png) [@maxthetenor](https://community.monzo.com/u/maxthetenor)\
**Post date:** [26 September 2017 03:21 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/3 "2017-09-26T03:21:53Z")

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I’ll add my ‘yes please’ to this!

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**Author:** ![pjsmith](https://avatars.discourse-cdn.com/v4/letter/p/eb8c5e/32.png) [@pjsmith](https://community.monzo.com/u/pjsmith)\
**Post date:** [3 October 2017 08:21 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/4 "2017-10-03T08:21:29Z")

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I was just about to post the same, so +1 - yes please.

Also, along the same lines, an ‘Investments’ category.

I’d like to categorise when I send to my savings account and also when I sent cash to fund an investment like shares, etc.

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**Author:** ![anon7337397](https://avatars.discourse-cdn.com/v4/letter/a/f08c70/32.png) [@anon7337397](https://community.monzo.com/u/anon7337397)\
**Post date:** [4 October 2017 18:35 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/5 "2017-10-04T18:35:47Z")

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I realise I forgot to add another reason for a “Savings” category. I’d like to set a monthly target for savings I transfer to another account.

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**Author:** ![brandscill](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/brandscill/32/10153_2.png) [@brandscill](https://community.monzo.com/u/brandscill)\
**Post date:** [8 October 2017 14:20 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/6 "2017-10-08T14:20:58Z")

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100% need this. I want to be able to look back and easily see each month how much I send to my ISA.

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**Author:** ![anon43090815](https://avatars.discourse-cdn.com/v4/letter/a/53a042/32.png) [@anon43090815](https://community.monzo.com/u/anon43090815)\
**Post date:** [27 November 2017 22:58 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/7 "2017-11-27T22:58:24Z")

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This. Would like it not to show in the spending tab. I.e for me I’d like to see:  
Recurring Spend  
Discretionary Spend  
Savings

Maybe too cluttered for some users? At the moment I am mentally subtracting my bills from my total as i want to compare to pre monzo current account spend figures which didn’t include bills!

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**Author:** ![anon7337397](https://avatars.discourse-cdn.com/v4/letter/a/f08c70/32.png) [@anon7337397](https://community.monzo.com/u/anon7337397)\
**Post date:** [19 January 2018 09:24 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/8 "2018-01-19T09:24:13Z")

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UPDATE: Since Pots turned up to the party, I no longer have a need to transfer money out to another account and categorise it as Savings. Goodbye old bank, it’s been emotional.

Pots is a fantastic feature, thanks Monzo! I look forward to being able to set targets for my Pots.

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**Author:** ![kennygrant](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/kennygrant/32/65922_2.png) [@kennygrant](https://community.monzo.com/u/kennygrant)\
**Post date:** [19 January 2018 10:10 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/9 "2018-01-19T10:10:47Z")

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I still need this, because Pots have negative real return, so they’re not really suitable for saving on a timeline any longer than a few months. I think a lot of people when using the CA will want to save to ISAs and savings accounts with interest, so it’s still a problem than Savings are counted as Spending. I did a little poll on this recently and Savings was near the top (just under Income being classified differently):

> [@Which categories would you like to see?](https://community.monzo.com/t/which-categories-would-you-like-to-see/31182):
>
> Now that more people are using Monzo for their current account, the present categories are feeling a bit limited. I’d like to see Monzo expand them rapidly and hide ones I don’t use. At present I don’t use ‘Cash’ or ‘Holidays’, but misuse some other categories since you can’t add your own man_shrugging Which categories would you most like to see? [poll](https://community.monzo.com/t/which-categories-would-you-like-to-see/31182/1) Any more essentials that I’ve missed? Categories Wishlist What I’d really like to see long term on categories from Monzo: Some more categ…

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**Author:** ![brandscill](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/brandscill/32/10153_2.png) [@brandscill](https://community.monzo.com/u/brandscill)\
**Post date:** [19 January 2018 12:28 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/10 "2018-01-19T12:28:07Z")

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Certainly not the case. Pots gain zero interest so I still have to frequently move money into my savings account.

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**Author:** ![robboadam](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/robboadam/32/14486_2.png) [@robboadam](https://community.monzo.com/u/robboadam)\
**Post date:** [19 January 2018 13:33 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/11 "2018-01-19T13:33:08Z")

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What would be good is a way to pay/transfer money directly from Pots. So one use would be to have a ‘Bills’ pot and pay out gas/electricity/water/Netflix etc from that. Not sure how easy that would be, but would be such a life (and budget) saver!

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**Author:** ![Stivenskyrah](https://avatars.discourse-cdn.com/v4/letter/s/0ea827/32.png) [@Stivenskyrah](https://community.monzo.com/u/Stivenskyrah)\
**Post date:** [30 January 2018 23:11 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/12 "2018-01-30T23:11:14Z")

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Totally agree on this too. Savings category is a missing feature.

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**Author:** ![system](https://global.discourse-cdn.com/monzo/original/3X/a/e/aedf2f7852aef6ffcd99f29eac49128cfbd2ecc3.svg) [@system](https://community.monzo.com/u/system)\
**Post date:** [29 July 2018 23:11 UTC](https://community.monzo.com/t/savings-category-for-current-account/23780/13 "2018-07-29T23:11:35Z")

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