Saving with Monzo
Saving is hard, so we made it simpler. Create a Savings Pot in minutes to earn interest on your money. Then relax & watch it grow.
You need a Monzo Current Account. Ts&Cs apply. UK residents only.
Save in a way that suits you
We’ve got different types of savings, and we’re adding more all the time. We talk about AER below, which means Annual Equivalent Rate. It shows you what the rate would be yearly if we paid interest on top of interest (which we do for easy access and fixed savings).
With ISAs, the taxes you pay depend on your circumstances and could change in the future. Interest is exempt from UK income tax.
Saving made simple
A choice of rates
We're creating a Savings Marketplace in the Monzo app. Pick from an ever-growing number of providers and interest rates to suit your savings goals.
A new way to save
Add custom images to your Savings Pots to stay motivated. Round up transactions to add spare change to Pots automatically and schedule monthly savings deposits to stay on track.
The FSCS protects 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. This includes deposits in your Instant Access Pots.
Your eligible deposits with the partner/savings provider are protected by the FSCS for amounts up to £85,000. This limit applies to each person and the total amount of any money you have with the provider, whether held through Monzo or not.
Please note, this means if you have separate accounts with our savings providers outside of the Monzo app, then the deposits held in those accounts will also count towards the limit of £85,000.
