Protection
FSCS£120,000
Min balance
£500
Max balance
£1,000,000
Access
Instant
Interest paid
Monthly
Rate Tiers
Perks/Max/Plus/Premium, up to 2
Monzo Perks (£9/month), Max, Plus or Premium plan, 2 or fewer withdrawals in a year
Free account, up to 2
Free Monzo current account, 2 or fewer withdrawals in a year
Perks/Max/Plus/Premium, 3+
Monzo Perks, Max, Plus or Premium plan, over 2 withdrawals in a year
Free account, 3+ withdrawals/yr
Free Monzo current account, over 2 withdrawals in a year
How It Stacks Up
Ranks 54th of 152
Easy access accounts we track
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.55% more
- Average easy access
- 2.83%
- Pays 0.82% more
- Best easy access
- 5.00%
- Pays 1.35% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 0.90% 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
Good to Know
A minimum balance of £500 must be maintained to keep the pot open.
Please verify all details with the provider – see our Disclaimer
See all Monzo accounts
