Watch your savings grow with 3.75% APY*
Saving doesn't need to feel hard. Use easy tools to help you save, with a high-yield interest rate.
Monzo Pro is $10 a month. Subscription applies.
Monzo is a financial technology company; not a bank. Banking services are provided 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.
* How does APY work? As of June 18, 2025, you'll earn 3.75% APY (Annual Percentage Yield) with a Monzo Pro subscription and 2.00% APY for Monzo Base users. No minimum deposit needed. Interest rates are variable and may change. Fees may reduce earnings. The interest comes from us, not Lead Bank or Sutton Bank. Your total Savings Jar balance is capped at $100,000. Monzo isn't a bank. Banking services and debit card are issued by our partners, Lead Bank or Sutton Bank, Members FDIC. T&Cs apply.
** 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; Members 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 Lead Bank or Sutton Bank fail. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about here.