Savings
Save the easy way with Monzo
Turn on automated round ups to save spare change from card payments and boost your savings as you spend.
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A Monzo current account is required. No account maintenance fees. 0% AER, 0% NIR.
Ratings and customer figures shown relate to our UK customers. The App Store, Google Play Store and Trustpilot ratings are correct as of 27 October, 2026.
Make more of your savings
Catch a great rate of 4.00% AER, 3.93% NIR
Give your money a place to grow with a Boosted Instant Access Savings Pot.
It's a savings tool linked to your Monzo current account, where you can set money aside, earn interest and dip into your savings whenever you need to.
Open yours by 31 December 2026 and enjoy a boosted rate of 4.00% AER, 3.93% NIR for 12 months. Deposit limit €5,000.
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Save without trying
Turn on round ups, and we’ll automatically add your spare change to your Savings Pot when you pay by card, helping your savings grow as you spend.
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Withdraw in an instant
Withdraw money whenever you need it without paying any fees. Want fewer temptations? Hide your Savings Pots from your home screen and reveal them when you're ready.
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Build a savings safety net
We’ll help you set spending goals based on spending trends. You can adjust this up or down and see how long it'll take you to reach your goal.
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Put money aside with Pots
Pots make saving feel doable. Pop your money into a Pot, set yourself a goal, then sit back and watch your savings grow. Create up to 20 Pots for different goals – like a weekend escape, or for the future.
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Apply for an account in 15 minutes
We asked thousands of Spanish customers what they want from their bank. Then we built it. No account maintenance fees.
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Step 1
Open a free Monzo account
It takes just 15 minutes to apply, and comes with innovative features to help you bring your financial world together in one place.
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Step 2
Fill out a few questions
We'll ask you some questions to help us set up your account, but there's no lengthy paperwork to fill in. In fact, it only takes a few minutes.
Step 3
Add your Hot Coral card to your digital wallet
Once your account's open, you can start using your card straight away with your digital wallet.
FAQs
Do I need a Monzo current account to start saving?
Yes, you need a Monzo current account to use Savings Pots and earn interest.
Does Monzo charge any fees on savings?
No, there are no withdrawal fees on your Instant Access Savings Pot. You can take your money out whenever you need it.
How does Monzo's savings work?
You put money into a Savings Pot in the Monzo app. We pay you interest each month on the amount you've saved, and you can take your money out instantly whenever you need it, with no fees.
What you can do
- Create up to 20 Pots for different goals
- Turn on round-ups to save spare change from your card payments automatically
- Set savings goals based on your spending trends, and see how long it'll take to reach them
- Hide your Savings Pots from your home screen if you want fewer temptations
There's no minimum deposit, and you can add up to €100,000 to your Instant Access Savings Pot.
Is there a minimum deposit to open a savings Pot?
No, there's no minimum amount you need to add to open a Savings Pot.
How do I start saving with Monzo?
First, you'll need a Monzo current account. Once you have one:
1. Open the Monzo app and create a Savings Pot
2. Add money to your Pot — there's no minimum, so you can start with any amount
3. Set savings goals and turn on round-ups to save spare change from your card payments
You can create up to 20 Pots for different goals.