Saving with Monzo
Saving is hard, so we made it simpler. Create a Savings Pot in seconds to earn up to -- interest on your money. Then just sit back and watch it grow.
Why save with Monzo
A choice of competitive rates
We're creating a Savings Marketplace in the Monzo app. Pick from an ever-growing number of providers and competitive interest rates to suit your savings goals.
A new way to save
Add custom images to your Savings Pots to stay motivated. Round up transactions to add spare change to Pots automatically and schedule monthly savings deposits to stay on track.
Your money's protected by the FSCS
The money you put into Savings Pots is protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS).
The FSCS apply this limit to each person and to the total amount of any money you have with the provider, whether held through Monzo or not.
Please note, this means if you have separate accounts with our savings providers outside of the Monzo app, then the deposits held in those accounts will also count towards the limit of £85,000.
Save in a way that suits you
We’ve got different types of savings, and we’re adding more all the time. We talk about AER below, which means Annual Equivalent Rate. It shows you what the rate would be yearly if we paid interest on top of interest (which we do for easy access and fixed savings).
Easy access
Great for short-term savings goals, like holidays or a new bike.
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Fixed
Great for long-term savings goals, like a home or a wedding.
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More providers coming soon
We’re talking to new providers all the time to give you access to a wider variety of competitive rates.
Start saving with Monzo today
Download the Monzo app on iOS or Android and join the people who've changed the way they bank.
Download the Monzo app on iOS Download the Monzo app on Android