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Monzo: Savings reviews

Name: Savings
Rating: 4.93 (151 reviews)

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4.94

Based on 151 reviews, last reviewed 5th Sep 2025

67% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

94%

3 star

2 star

Latest highest rating:

5

Switched to Monzo this year and have no complaints. Switched to Monzo this year and have no complaints. Easy app to use, simple and clear information. Reviewed on: 5th September 2025

Latest lowest rating:

N/A

This product has not received a review of either 1 or 2 stars.

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About this product

Monzo have a range of savings accounts that can be opened and managed online.

Monzo savings accounts include instant access, cash ISA and fixed rates. Instant access accounts can be opened with just £10. Spare change can be added to Savings Pots automatically and you can schedule monthly savings deposits.

Monzo savings reviews help you find out what it’s really like to be a customer. If you’ve used Monzo before, you can also leave a review and share your experience.

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Monzo Savings reviews (151)

Fantastic rates, products, tools

Fantastic rates, products, tools Reviewed on: 5th April 2024

Innovative

The bank's account activation/verification method is quite innovative Reviewed on: 4th April 2024

Extremely user friendly

It is extremely user friendly and very easy to understand Reviewed on: 3rd April 2024

Incredible interest rate with no penalties for withd...

Incredible interest rate with no penalties for withdrawals Reviewed on: 27th March 2024

Great current & savings accounts

Great savings account with possibly the highest interest rate in the market wilst maintaining full access to your money. Reviewed on: 15th March 2024

Immediate and good rate of interest.

Interest starts on same day as payment credit made. Easy immediate access to funds. Good interest rate. Reviewed on: 11th March 2024

Great savings rate 4% no charge to account

Great savings rate 4% no charge to account Reviewed on: 5th March 2024

Monzo has transformed my banking experience with its...

Monzo has transformed my banking experience with its intuitive app interface and robust features. The budgeting tools are a game-changer, helping me track expenses effortlessly. Transaction categorization is spot-on, providing a clear overview of my spending. The standout customer support and unique functionalities make Monzo a top choice for seamless financial management. Highly recommended! Reviewed on: 20th February 2024

I love Monzo

Rapid increase of interest rates when possible, brilliant budgeting facilities, easy to use app, super easy transfers. Reviewed on: 15th February 2024

Great app, needs to make IRL better.

Great app but terrible in real life, the horror stories about being unable to get access to your account and money if you lose your phone and card are very scary. Reviewed on: 15th February 2024

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