Why save with Monzo
A choice of competitive rates
We're creating a Savings Marketplace in the Monzo app. Pick from an ever-growing number of providers and competitive interest rates to suit your savings goals.
Learn about the benefits of a Chase savings account online. Compare Chase savings accounts and select the one that best suits your needs. Fixed-Term Savings plan (single deposit option) Invest for 6 – 60 months, R20 million maximum investment with a minimum deposit of R10 000. You choose how long you want to invest (6 – 60 months) Deposit a single amount up to a maximum of R20 million to invest over the term you choose; Minimum deposit amount of R10 000.
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.
Your money's protected by the FSCS
The money you put into Savings Pots is protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS).
The FSCS apply this limit to each person and to 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.
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).
Easy access
Great for short-term savings goals, like holidays or a new bike.
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Easy access ISA
Save without paying tax on the interest you earn. What's an ISA?
Fixed Savings Account Uk
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Fixed
Great for long-term savings goals, like a home or a wedding.
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More providers coming soon
We’re talking to new providers all the time to give you access to a wider variety of competitive rates.
Download the Monzo app on iOS or Android and join the people who've changed the way they bank.
return to footnote reference1Savings-account interest is compounded and credited monthly, based on the daily collected balance. Interest rates are variable and determined daily at Chase's discretion and are subject to change without notice. Balance tiers are applicable as of the effective date of these rates and may change at Chase's discretion. Account fees could reduce earnings. CD interest is fixed for the duration of the term and is compounded daily.
return to footnote reference2For Chase Premier SavingsSM: Earn Premier relationship rates when you link the account to a Chase Premier Plus CheckingSM or Chase SapphireSM Checking account, and make at least five customer-initiated transactions in a monthly statement period using your linked checking account. See interest rates.
Paragon Fixed Savings Account
Savings Text Message Program: Message and data rates may apply. For Help call 1-800-935-9935. Reply STOP to 33172 to no longer receive Chase Savings text messages until you provide your consent again. Mobile carriers not liable for delayed or undelivered messages.
IMPORTANT INFORMATION
The content of this page is informational only. Accounts are subject to approval. The terms of the accounts, including any fees or features, may change. See the Deposit Account Agreement and Additional Banking Services and Fees for the terms and conditions associated with these products.