So Monzo are going to allow us to open pots that tie directly to other companies. A way for us to save, build interest etc.
I thought we could put forward our wish list for which companies we’d want to see Monzo work / partner with.
I like Zopa. They allow you to have an account that lends money out to other people. Your investment is spread, so £1000 invested might make up a small part of 200 people’s loans. As the money is paid back with interest, you might get £3-4 back at a time. You can choose to reinvest, or have this money slowly deposit back into your “Holdings” account.
This would work perfectly with a Monzo Pot. One Pot could show your holdings (ie: available to withdraw and spend) and invested money too.
You could even toggle from within the pot between “reinvest” and “move to holdings” for any money paid back to you.
I also like the idea of having a credit card pot. You could use the credit card pot to pay off your credit, and make monthly payments, setting up a standing order right there. It could even have it’s own mini feed, saving you switching between apps for recent transaction history.
Of course the picture for this pot could be a photo of the card itself
Sorry if a similar list is elsewhere. But does anyone have any other companies for the wish list?