Sort your savings into Pots
Instant withdrawals, no minimum deposit and up to 20 different Savings Pots. The perfect place to plant your pennies.
Savings accounts and ISAs
Grow your money in Monzo Savings Pots
Keep your money at your fingertips in personalised Savings Pots, or earn tax-free interest with an ISA.
It's savings accounts done your way, with up to 3.65% AER interest (variable), paid monthly.
The taxes you pay depend on your circumstances and could change in the future. Monzo current account required. UK residents only. Ts&Cs apply.
The App Store, Google Play Store and Trustpilot ratings are correct as of 27 Apr, 2026.
Make saving smooth sailing
Start your savings story with Savings Pots and ISAs.
Earn tax-free ISA interest
Whether you're saving or investing, choose an ISA and you won't pay income or capital gains tax on anything you earn.
FSCS protection
Your eligible money in Monzo is protected by the Financial Services Compensation Scheme up to a value of £120,000 per person.
Our Savings Pots
Whether you're saving for a big renovation or just putting money aside for a rainy day, there's a Savings Pot to suit every goal.
Instant Access
Withdraw instantly, anytime, and no minimum deposit to start saving. Ideal if you need quick access to your cash.
Select Access
Get a higher rate for fewer withdrawals over each year, £500 minimum deposit.
Cash ISA
Make Instant Access or Select Access an ISA for tax-free interest on your savings.
Under 16s
A bank account for your little ones, with controls set by you. Help them build healthy savings habits.
Earn 3.65% AER (variable) on a paid plan
Earn our highest rate on Select Access Savings when you upgrade to Perks or Max. And get discounts, tasty treats and access to the Savings Challenge.
Perks is £9 a month 18+. Max is from £19 a month aged 18-69. 3 months minimum. Select Access Savings has £500 min deposit.
Perks is £9 a month 18+. Max is from £19 a month aged 18-69. 3 months minimum. Select Access Savings has £500 min deposit.
Compare Savings Pots and ISAs
See which savings account suits you best.
Monzo
Free- Instant Access Savings Pot2.75% AER (variable)
- Instant Access Cash ISA Pot2.75% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
- Select Access Cash ISA Pot3.15% AER (variable)*
- Under 16s savings account2.75% AER (variable)
- Savings Challenge0% AER (variable)
Monzo Extra
£3 a month- Instant Access Savings Pot3.00% AER (variable)
- Instant Access Cash ISA Pot3.00% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
- Select Access Cash ISA Pot3.15% AER (variable)*
- Under 16s savings account2.75% AER (variable)
- Savings Challenge5% AER (variable)
Monzo Perks
£9 a month- Instant Access Savings Pot3.25% AER (variable)
- Instant Access Cash ISA Pot3.25% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
- Select Access Cash ISA Pot3.65% AER (variable)*
- Under 16s savings account2.75% AER (variable)
- Savings Challenge5% AER (variable)
Monzo Max
From £19 a month- Instant Access Savings Pot3.50% AER (variable)
- Instant Access Cash ISA Pot3.50% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
- Select Access Cash ISA Pot3.65% AER (variable)*
- Under 16s savings account2.75% AER (variable)
- Savings Challenge5% AER (variable)
Savings Challenge: 18+, Ts&Cs apply
Monzo
Free- Instant Access Savings Pot2.75% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
- Savings Challenge0% AER (variable)
Monzo Extra
£3 a month- Instant Access Savings Pot3.00% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
- Savings Challenge5% AER (variable)
Monzo Perks
£9 a month- Instant Access Savings Pot3.25% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
- Savings Challenge5% AER (variable)
Monzo Max
From £19 a month- Instant Access Savings Pot3.50% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
- Savings Challenge5% AER (variable)
Monzo Free | Monzo Extra £3 a month | Monzo Perks £9 a month | Monzo Max From £19 a month | |
|---|---|---|---|---|
Instant Access Savings Pot2.75% AER (variable) | Instant Access Savings Pot3.00% AER (variable) | Instant Access Savings Pot3.25% AER (variable) | Instant Access Savings Pot3.50% AER (variable) | |
Select Access Savings Pot3.15% AER (variable)* | Select Access Savings Pot3.15% AER (variable)* | Select Access Savings Pot3.65% AER (variable)* | Select Access Savings Pot3.65% AER (variable)* | |
Savings Challenge0% AER (variable) | Savings Challenge5% AER (variable) | Savings Challenge5% AER (variable) | Savings Challenge5% AER (variable) |
Savings Challenge: 18+, Ts&Cs apply
Monzo
Free- Instant Access Savings Pot2.75% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
Monzo Extra
£3 a month- Instant Access Savings Pot3.00% AER (variable)
- Select Access Savings Pot3.15% AER (variable)*
Monzo Perks
£9 a month- Instant Access Savings Pot3.25% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
Monzo Max
From £19 a month- Instant Access Savings Pot3.50% AER (variable)
- Select Access Savings Pot3.65% AER (variable)*
Monzo Free | Monzo Extra £3 a month | Monzo Perks £9 a month | Monzo Max From £19 a month | |
|---|---|---|---|---|
Instant Access Savings Pot2.75% AER (variable) | Instant Access Savings Pot3.00% AER (variable) | Instant Access Savings Pot3.25% AER (variable) | Instant Access Savings Pot3.50% AER (variable) | |
Select Access Savings Pot3.15% AER (variable)* | Select Access Savings Pot3.15% AER (variable)* | Select Access Savings Pot3.65% AER (variable)* | Select Access Savings Pot3.65% AER (variable)* |
Monzo
Free- Instant Access Cash ISA Pot2.75% AER (variable)
- Select Access Cash ISA Pot3.15% AER (variable)*
Monzo Extra
£3 a month- Instant Access Cash ISA Pot3.00% AER (variable)
- Select Access Cash ISA Pot3.15% AER (variable)*
Monzo Perks
£9 a month- Instant Access Cash ISA Pot3.25% AER (variable)
- Select Access Cash ISA Pot3.65% AER (variable)*
Monzo Max
From £19 a month- Instant Access Cash ISA Pot3.50% AER (variable)
- Select Access Cash ISA Pot3.65% AER (variable)*
Monzo Free | Monzo Extra £3 a month | Monzo Perks £9 a month | Monzo Max From £19 a month | |
|---|---|---|---|---|
Instant Access Cash ISA Pot2.75% AER (variable) | Instant Access Cash ISA Pot3.00% AER (variable) | Instant Access Cash ISA Pot3.25% AER (variable) | Instant Access Cash ISA Pot3.50% AER (variable) | |
Select Access Cash ISA Pot3.15% AER (variable)* | Select Access Cash ISA Pot3.15% AER (variable)* | Select Access Cash ISA Pot3.65% AER (variable)* | Select Access Cash ISA Pot3.65% AER (variable)* |
Monzo
Free- Under 16s savings account2.75% AER (variable)
Monzo Extra
£3 a month- Under 16s savings account2.75% AER (variable)
Monzo Perks
£9 a month- Under 16s savings account2.75% AER (variable)
Monzo Max
From £19 a month- Under 16s savings account2.75% AER (variable)
Monzo Free | Monzo Extra £3 a month | Monzo Perks £9 a month | Monzo Max From £19 a month | |
|---|---|---|---|---|
Under 16s savings account2.75% AER (variable) | Under 16s savings account2.75% AER (variable) | Under 16s savings account2.75% AER (variable) | Under 16s savings account2.75% AER (variable) |
Start saving with Monzo
Join over 16 million personal and business customers who've changed the way they bank.
Step 1
Open a free Monzo account
It only takes 10 minutes to apply, and comes with loads of innovative features to help you save.
Step 2
Start saving, your way
Monzo current account sorted? Just head over to the Savings area and create a new Savings Pot.
Step 3
Get going towards your goals
Name your pot, set optional savings targets and make your first deposit. Try out our auto-savings features to reach your goals faster.
We've got Stocks & Shares ISAs too
Our Stocks & Shares ISA is a separate, tax-free account designed for long-term investing, helping your money take meaningful steps towards your goals.
Managed by experts, with low fees and no jargon, this is investing that feels easy to understand.
But remember, the value of your investments could go up or down and you could get back less than you put in.
Security you can bank on
We keep your money safe with industry-first fraud protection and 24/7 support.
Start saving today
Open a free Monzo account to start your saving journey.
Learn more about savings
Questions? Answers.
What's the difference between a regular savings account and an ISA?
It mostly comes down to tax. With a regular savings account, you might pay tax on the interest you earn if it goes over your Personal Savings Allowance. But any interest you earn from savings in an ISA is entirely tax-free.
The taxes you pay depend on your circumstances and could change in the future.
How do I know which Monzo savings product is right for me?
This can come down to how often you need your cash:
- Instant Access: Best if you want to dip in and out whenever you like.
- Select Access: Best if you want a higher rate for fewer withdrawals.
- Cash ISA: Best if you're saving a larger amount and want to keep your interest tax-free.
The taxes you pay depend on your circumstances and could change in the future.
Can I have both a regular Savings Pot and an ISA?
Yes! You can mix and match. You might use a regular Savings Pot for a quick holiday fund and an ISA for a long-term stash. You can even open multiple Instant Access Cash ISA Pots to organise your tax-free savings in your own way.
The taxes you pay depend on your circumstances and could change in the future.
What is the ISA allowance for the 2026/27 tax year?
The ISA allowance is £20,000. This is the total amount you can pay into all your ISAs (Cash, Stocks & Shares, etc.) between 6 April 2026 and 5 April 2027.
Can I save together with someone else?
Absolutely. If you open a Monzo Joint Account, you can set up a Joint Instant Access Savings Pot. You'll both be able to see the balance, move money in, and earn interest on your shared goals.
How do I start saving for my child?
You can open a Monzo for Under 16s account. It's a free account for kids aged 6–15 that lets them have their own card and app.
How can I see interest rates for Savings Pots I may have but can no longer open?
You can find interest rate for Savings Pots like these here.
Time to go full Monzo
Use the Current Account Switch Service to close your main current account and move everything over to us. Once you've opened an account, tap the '+' sign in the app and find 'Switch to Monzo'.
We move your money, Direct Debits and standing orders over
We redirect incoming payments (including your salary)
We close your other bank account
You choose a switch date and we'll do the rest in 7 working days
