Will Monzo increase their Interest rates?

[Revels]

Chase are fighting hard to attract customers. Monzo are not in that stage.

So I wouldn’t bet on it being any time soon.

Interest rate rises - impact on Monzo

There’s some talk about interest rates being on the rise again: I was wondering what this might mean for Monzo. A few initial thoughts: The road to profitability should become easier - more revenue from customers’ deposits held in the central bank. A potential increase in the interest rate payable to Plus and Premium customers? Especially if the base rate goes up quite a bit, the current rates could start looking uncompetitive. More features in the free tier? By attracting increased custome…