Skip to Content
Skip to Content

How does interest work for Savings Pots?

How interest works

For Instant Access Savings and Instant Access Cash ISAs, your money starts earning interest on the day you deposit it into your Pot. You’ll then earn interest daily and we’ll pay it into your Pot on the first day of each month.

If you close your Instant Access Savings, we’ll pay any interest you’ve earned so far that month into your account immediately.

For Easy Access Savings and Easy Access Cash ISAs, your money starts earning interest from the working day after you deposit it. You’ll then earn interest daily and we’ll pay it into your Pot on the first day of each month.

If you close your Easy Access Savings, we’ll pay any interest you’ve earned so far that month into your account on the first of the next month.

For Fixed Term Savings, your money starts earning interest from the working day after you deposit it.

We’ll move your initial deposit and the interest you’ve earned into your account when the fixed term ends.

How to check your interest

If you’d like to see how much interest you’ve earned, scroll down to the Savings & Investments section, tap on Savings, select your Pot and check the section called Interest.

Was this article helpful?

Related articles

Existing customers can get help via the app

Monzo Bank Limited is a company registered in England and Wales (No.09446231). Monzo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our financial Services Register number is 730427. Our address is Broadwalk House, 5 Appold St, London EC2A 2AG.