What’s the difference between a Regular Pot, a Savings Pot, and an Investment Account?

At Monzo, we offer many different types of savings and investing products to suit your needs: Pots, Savings Pots, and Investment Accounts.

Regular Pots

Regular Pots are separate areas of your account where you can store money. Pots are great for short-term savings or to help you stay on budget. Regular Pots don’t earn any interest and you can withdraw from them whenever you’d like, instantly.

Instant Access Savings Pots

Instant Access Savings Pots are designed to give you the flexibility to grow your savings with interest but still be able to access your money when you need it.

Instant Access Cash ISA:

You can build up funds over time in your ISA and all interest paid is tax free. You can pay up to £20,000 into your ISAs each tax year. Tap here to learn more about ISAs!

Investment Accounts

Investments are designed to help you to save for your future, long term. The money you add to an investment account is invested in a fund managed by BlackRock (they’re the fund manager).

It’s important to know that unlike Savings Pots, the value of investments can go up and down so it’s possible that you could get back less than you invest. The longer you invest, the more time your money has to try and grow. But you can withdraw from your investment account whenever you’d like.

Withdrawals from investment accounts take between 3-4 working days.

With us, you can invest through both: Stocks and Shares ISAs General Investment Accounts

With a Stocks and Shares ISA you can invest up to £20,000 per tax year and you don’t need to pay capital gains or income tax on your returns.

You can now pay into more than one ISA of each type per tax year (excluding lifetime ISAs), so long as you don't exceed the total annual allowance of £20,000, which is split across all ISAs. Learn more about ISAs.