Monzo Joint Instant Access Savings

Go forth and multiply your money with joint savings in Monzo.

Earn up to 3.25% AER interest (variable), paid monthly.

Monzo current account required. UK residents aged 18+. Ts&Cs apply.

A flexible way to save together

Earn from 2.75% to 3.25% AER interest (variable) on your money, depending on your subscription plan.

Withdraw instantly, anytime

There’s no waiting around. You’ll get your money right away – ideal if the unexpected happens and you need quick access to your savings.

No minimum deposit needed

No need to deposit a single penny to open your Pot. Add up to £1,000,000 in your Instant Access Savings Pot.

Earn 3.25% AER (variable)

Earn an exclusive rate if you both have Monzo Perks. Monzo Perks is £7 per month. UK residents aged 18+, Ts&Cs apply.

What are joint savings?

You can set up Joint Instant Access Savings Pots if you have a joint account. Partner, spouse, housemate or soulmate – as long as you both have a Monzo current account, you're eligible to apply.

Money in joint savings is considered to belong equally to both people so make sure you’re saving with someone you trust.

Start saving

Savings made seamless

Separate your savings Sort your money into up 20 Savings Pots. Give them names and images to help tell your rainy days from your holidays.

Set goals Choose targets and track your progress over time and across Pots.

Lock your Pot Keep your mitts off your money by setting a date to unlock your Pot.

Start saving

Automated ways to stash your cash

Even more handy tools to help your money grow.

Set up regular deposits

We’ll automatically add money from your main balance. Just tell us how much and how often.

Save your spare change

We’ll round up what you spend from your joint account, and put the spare change in your Savings Pot.

Sort your salary

Set savings aside when you’re paid, before the urge to splurge sets in.

FSCS protected

We’re a fully regulated UK bank and your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person. This includes money in your Joint Instant Access Savings Pots.

Check out our Understanding FSCS protection article if you’d like to learn more.

Keep your savings safe

Extra security controls give you another layer of protection when making big bank transfers and withdrawing from your savings.

Pay from a known location, confirm it with someone you trust, or scan a secret QR code to prove it’s really you.

How to open a Joint Instant Access Savings Pot

Open a free Monzo current account and joint account

It takes less than 10 minutes to apply, straight from the Monzo app.

Create a Savings Pot

Monzo current account sorted? Just head over to the Savings area and create a new Pot.

Start saving

Name your Pot, set an optional goal and make your first deposit. Earn up to 3.25% AER interest (variable), paid monthly.

Open a free Monzo account

Prefer to save solo?

Check out our individual Instant Access Savings Pots and Cash ISAs.

Questions? We've got answers

How do I get the boosted interest rate on my joint savings?

To get the boosted interest rate on your joint savings, both joint account holders must have Monzo Plus, Premium Perks or Max.

Does the other person need my permission to withdraw money?

No. Even if one of you contributes a lot more money to your joint Savings Pot, legally anything in the account is split equally. It’s important you trust who you’re planning to open a joint account with.

How do I close a joint Savings Pot?

Either of you can close a Savings Pot directly in the app - any money in the Pot will then be moved into your joint account.

Do joint Savings Pots impact your credit score?

To have a joint Savings Pot, you will need to have a joint account. When you open a joint account with someone, you keep your own credit scores. They don’t merge, and one person’s score doesn’t directly change the other’s.

You create what’s called a ‘financial association’. This means that things that happen on your joint account – like missing a payment, or going into an unarranged overdraft – can affect your individual scores.

And if you apply for a personal loan, lenders may look at the credit file of the other person on your joint account to help them decide if they can lend to you.

Do I need a personal Monzo account to get a joint account?

Yes, you both need your own personal Monzo account.

What do I need in order to open a joint Savings Pot?

You both need to be UK residents, aged 18+, with Monzo current accounts and a shared joint account.

Start saving with Monzo today

Download the Monzo app on iOS or Android and join more than 14 million personal and business customers who've changed the way they bank.