Protection
FSCS£120,000
Min balance
£0
Max balance
£1,000,000
Access
Instant
Interest paid
Monthly
Rate Tiers
Paid plan (from £3/month)
3.50%AER
Monzo paid subscription, from £3/month, 18+
Standard (free)
2.75%AER
Free Monzo account
How It Stacks Up
Ranks 87th of 152
Easy access accounts we track
This account 2.75%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.35% less
- Average easy access
- 2.83%
- Pays 0.08% less
- Best easy access
- 5.00%
- Pays 2.25% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 1.80% more than this Monzo account
- Instant access, open with £10
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: The rate is variable, so it can go down
Please verify all details with the provider – see our Disclaimer
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