Monzo savings: Instant Access, Select Access, fixed pots and Cash ISAs
Some links on this page are referral links. If you use them, we may earn a commission at no extra cost to you. This never affects how we rate products. How we make money
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. Some links are referral links — we may earn a commission. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Monzo pays different savings rates depending on your plan. As of 3 October 2026, Instant Access pots paid 2.75% AER on the free plan, rising to 3.50% AER on Max; Select Access paid 3.15% to 3.65% AER; and Fixed Rate pots paid 4.70% AER for one year on every plan.
Instant Access Cash ISA pots paid the same as Instant Access savings pots for each plan.
Who it’s for
- Monzo customers who want savings in the same app
- People who already pay for a Monzo plan for other reasons
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You’d only upgrade for the savings rate on a modest balance — the plan fee could outweigh the extra interest
- You want a rate that doesn’t depend on a subscription
Monzo savings rates by plan
| Plan | Monthly fee | Instant Access (savings and Cash ISA) | Select Access |
|---|---|---|---|
| Monzo (free) | £0 | 2.75% AER | 3.15% AER |
| Monzo Extra | £3 a month | 3.00% AER | 3.15% AER |
| Monzo Perks | £9 a month | 3.25% AER | 3.65% AER |
| Monzo Max | From £19 a month (3 months minimum, ages 18–69) | 3.50% AER | 3.65% AER |
Figures as of 3 October 2026, from Monzo’s savings page. All variable except Fixed Rate pots (4.70% AER for one year on all plans; other terms available).
The catch
On £5,000, the gap between 2.75% and 3.50% AER is roughly £37.50 a year before tax — less than a year of the Max fee. Do the sum for your own balance.
Check Monzo’s current savings rates.
Some links in this table are referral links. We may earn a commission if you use them, at no extra cost to you. Rankings are based on our review methodology, not commission.
FAQs
Do Monzo savings rates depend on my plan?
Yes. Instant Access and Select Access rates are higher on paid plans; Fixed Rate pots showed the same 4.70% AER on all plans as of 3 October 2026.
Does Monzo offer a Cash ISA?
Yes, Instant Access and Select Access Cash ISA pots.
Is the link on this page a referral link?
Yes — we may earn a commission. It doesn’t affect what you pay.
Get our weekly email
The Friday Finance Lowdown — five minutes of the money stuff worth knowing.
Free to join. See our privacy policy for how we handle your email address.