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Let your money grow with Instant Access Savings

There when you need it. Growing when you don’t. 

  • Earn 4.10% - 4.60% AER interest (variable), paid monthly

  • Available as an Instant Access Savings Pot or Cash ISA

  • FSCS protection on eligible deposits up to £85k per person

You need a Monzo Current Account. Ts&Cs apply. UK residents only.

Our most flexible way to save

Grow your savings, without locking your money away.

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 £100,000 in your Instant Access Savings Pot and up to £100,000 in a Cash ISA.

The FSCS protect your money 

Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person.

Savings made seamless

Savings Pots come with added features to help you save with ease:

  • Set a savings goal - track your savings progress over time
  • Schedule deposits - we’ll automatically move money from your main balance into your Savings Pot for you
  • Round up transactions - when you spend, we’ll put the change into your Savings Pot
A watering can, watering a tray of plants

See how your money can grow 

Imagine you had £1,000 in your Instant Access Savings Pot or Cash ISA with a 4.10% AER interest (variable) rate. We pay your interest each month, but in total, you’d earn £41 interest over a year. This is based on you making no withdrawals or adding more money to your Pot.

Let’s get flexible

You have the flexibility to withdraw your money whenever you need because we provide Instant Access Savings Pots ourselves. It also means we pay your interest for you too.

Earn tax-free interest with a Cash ISA

Your money grows in the same way as your Savings Pot – but there’s no tax to pay, whatever you make.

The taxes you pay depend on your circumstances and could change in the future. Interest is exempt from UK income tax.

It starts with a Monzo current account

Once your account’s up and running, you can open your Instant Access Savings Pot or Cash ISA – and save away!

Get an extra boost with Perks and Max

Earn an exclusive rate of 4.60% AER (variable) on Instant Access Savings Pots and an Instant Access Cash ISA with Monzo Perks and Max. We'll pay interest monthly.

Monzo Perks is £7 per month • Aged 18+ • Ts&Cs apply

Monzo Max is from £17 per month • Aged 18-69 • UK resident • Ts&Cs apply • 3 month minimum

Start saving with Monzo today

Download the Monzo app on iOS or Android and join more than 8 million people who’ve changed the way they bank.