Monzo savings - bouncing savings between pots is it worth it?

We have most of our savings in an instant access Monzo savings pot 3.41%. Currently the quick access pot has gone up a bit to 3.71 AER%. I only recently moved the money to ‘instant access’ because the rate went up above ‘quick access’, should I move it back again? It takes 24hrs to withdraw (Assuming in…


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Monzo Savings - Bouncing Savings Between Pots Is It Worth It?

2 weeks from now

We have most of our savings in an instant access Monzo savings pot 3.41%. Currently the quick access pot has gone up a bit to 3.71 AER%. I only recently moved the money to ‘instant access’ because the rate went up above ‘quick access’, should I move it back again? It takes 24hrs to withdraw (Assuming in…

reddit.com

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4.0% AER On Savings Pots - What's The Catch? : R/monzo - Reddit

2 weeks from now

I have a Halifax instant access savings account that was earning < 2%, but realised I was ignoring the fact that I could put a whole load in a savings pot at 4.0% in my existing Monzo (which had …

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Instant Access Savings Vs Regular Pot : R/monzo - Reddit

2 weeks from now

There is a new 4% instant access account within Monzo. It is essentially just another pot, but earning interest. Of course the interest is a little higher if you are a Plus or Premium user. ...

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Monzo New Savings Pots - Help - Monzo Community

2 weeks from now

Sep 20, 2023  · Currently my Monzo pots are are on different interest rates, emergency fund is 4% and a couple of others are at 1.81%. It did say Monzo has the right to reduce these …

monzo.com

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What Savings Pots Do You All Have? : R/monzo - Reddit

2 weeks from now

Monzo are currently doing a fixed rate savings pot for 12 months with 5.7%AER, minimum deposit of £500. Can you top this up every month with say £100, close it after 12 and start again with …

reddit.com

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We've Added New Interest Rates To Savings Pots - Monzo Community

2 weeks from now

Aug 9, 2019  · We’re now offering up to 1.81% (AER/Gross, variable) on Fixed Savings Pots and 1.15% (AER/Gross variable) on Easy Access Savings Pots – the highest rates for Monzo …

monzo.com

FAQs about Monzo savings - bouncing savings between pots is it worth it? Coupon?

Does Monzo have a savings pot?

To put it simply, you can have: (Plus 1 “Instant Access Saving Pot” attached to your Joint Account if you have one. (edit: You can have more savings pots with your money stored with a 3rd party, but accessible through Monzo, too. As these are provided through 3rd parties, the rates will vary. Note that it’s not “instant” withdrawl either. ...

Does Monzo have a minimum deposit?

All Monzo’s easy access savings pots and fixed rate savings pots require a minimum deposit of £500. Monzo encourages users to save by allowing the option to round up purchases to the nearest pound and putting the spare change in a savings pot. ...

Do I need more pots through Monzo?

If you need more pots directly through Monzo, you would need to create standard (aka, non-savings) pots, but you wouldn’t earn any interest on those savings. Thanks for the replies everyone. ...

Is Monzo a good money saver?

Then you might like threads about these subjects: If you want to "save" save the money, open up instant access savings accounts for them with your name on too - standard child account. If you want to have money handy if they want anything, Monzo is good. ...

Does Monzo offer instant withdrawal?

Note that it’s not “instant” withdrawl either. Usually next working day for easy access, but they also have fixed term accounts.) If you need more pots directly through Monzo, you would need to create standard (aka, non-savings) pots, but you wouldn’t earn any interest on those savings. ...

Should I buy Monzo?

If you want to have money handy if they want anything, Monzo is good. You can put it into pots, they can see what's there and it's super easy and quick to transfer it out of the pot if you're by the till wanting to pay for something. ...

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