Watch your savings grow with 3.75% APY interest
Saving doesn't need to feel hard. Use easy tools to help you save, with a high-yield savings rate.
Monzo Pro is $10 a month. Subscription applies.
Monzo is a financial technology company; not a bank. Banking services are by Lead Bank or Sutton Bank; Members FDIC. T&Cs apply.
Our savings rate is 8X the national average
Every month, get extra money on top of your savings. You can take money out anytime, how many times you want.
Smart tools to supercharge your savings
You set a savings goal, and we'll help you get there. We'll work out what you need to contribute and set up automatic deposits.
FDIC protection meets cutting-edge security
With Monzo, your money is eligible for pass-through insurance up to $250,000 through our partners Lead Bank or Sutton Bank; Members FDIC.** And we use advanced security features, like Biometrics and PIN protection, to give you extra peace of mind.
And since we don't bury the footnotes
* What’s the national average interest rate?
The national average interest rate for savings accounts is 0.42% as posted on FDIC.gov, as of May 16 2025.
** How does FDIC insurance work? Your funds are held at Lead Bank or Sutton Bank, Member FDIC. Monzo is a financial technology company, not a bank or FDIC-insured depository institution. Monzo accounts are subject to pass-through FDIC insurance up to $250,000 per ownership category, should Sutton Bank fail. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about here.