Update interest rate automatically

In my Monzo, I have an easy access saver account at Shawbrook, 0.9% AER. Recently, Shawbrook provides the same saving account for Monzo but the AER increased to 0.97%. Will my existing saving account automatically change to the latest Internet rate? I found my account is still 0.9%AER.

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You have to do it manually in my experience. Don’t wait.

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