You now only need £10 to open a Monzo Savings Pot

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You can now open an Easy Access Savings Pot with a £10 minimum deposit and start earning up to 1.15% interest (AER, variable).

Before, you needed £500 to open a Savings Pot

This is because we work with savings providers. You can read more about our vision to help people earn more from their savings here.

We had a higher minimum deposit because we wanted to make sure we could build a sustainable savings marketplace for our customers.

But now we've lowered the minimum to £10

We've worked on Savings Pots a lot over the last few months and as well as adding more providers, we've also reduced the minimum deposit to £10 to make earning interest possible for even more people.

Why not try round-ups and our savings challenges too?

We know that saving isn't only about earning interest. We think custom pot images are a great way to stay motivated. You can see a few of our favourites here.

There's also lots of other ways you can stay on track with your savings, why not try the 1p Savings Challenge or join the Monzo Savings Squad?

One of our most loved features is round-ups, letting you round up the cost of each thing you buy to the nearest pound and putting the spare change into savings.