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Saving with Monzo

Saving is hard, so we made it simpler. Create a Savings Pot in seconds to earn up to undefined undefined interest on your money, fixed for undefined with a undefined minimum deposit to open.

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).

With ISAs, the taxes you pay depend on your circumstances and could change in the future. Interest is exempt from UK income tax.

Why save with Monzo

A choice of rates

We're creating a Savings Marketplace in the Monzo app. Pick from an ever-growing number of providers and 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.

For Monzo customers with Savings Pots

Previous interest rates

Start saving with Monzo today

Download the Monzo app on iOS or Android and join more than 9 million people who've changed the way they bank.