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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 1.71% (AER, fixed) interest on your money. Then just sit back and watch it grow.

View our rates

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 fully protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).

screenshot of mobile with summary tab and savings pot in app
illustration of money going into a pot

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.

charter savings bank logo
1.15%
interest per year (AER, variable)

Charter Savings Bank

Withdraw the next working day
£10 minimum deposit

paragon logo
1.15%
interest per year (AER, variable)

Paragon

Withdraw the next working day
£10 minimum deposit

shawbrook logo
1.12%
interest per year (AER, variable)

Shawbrook

Withdraw the next working day
£10 minimum deposit

oak north logo
1.00%
interest per year (AER, variable)

OakNorth

Withdraw the next working day
£10 minimum deposit

Easy access ISA

Save without paying tax on the interest you earn. What's an ISA?

oaknorth logo
1.14%
tax free interest per year (AER, variable)

OakNorth

Withdraw the next working day
£10 minimum deposit

shawbrook logo
1.12%
tax free interest per year (AER, variable)

Shawbrook

Withdraw the next working day
£10 minimum deposit

Fixed

Great for long-term savings goals, like a home or a wedding.

oak north logo
1.71%
gross interest per year (AER, fixed)

Charter Savings Bank 12

Withdraw in 12 months
£500 minimum deposit

oak north logo
1.63%
gross interest per year (AER, fixed)

OakNorth 12

Withdraw in 12 months
£500 minimum deposit

oak north logo
1.51%
gross interest per year (AER, fixed)

OakNorth 9

Withdraw in 9 months
£500 minimum deposit

oak north logo
1.46%
gross interest per year (AER, fixed)

OakNorth 6

Withdraw in 6 months
£500 minimum deposit

investec logo
1.40%
gross interest per year (AER, fixed)

Investec 12

Withdraw in 12 months
£500 minimum deposit

charter savings bank logo
1.37%
gross interest per year (AER, fixed)

Charter Savings Bank 6

Withdraw in 6 months
£500 minimum deposit

oak north logo
1.35%
gross interest per year (AER, fixed)

OakNorth 3

Withdraw in 3 months
£500 minimum deposit

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

Open a Savings Pot

Download the Monzo app on iOS or Android and join the 2.5 million people who've changed the way they bank.

Download the Monzo app on iOS Download the Monzo app on Android