Fixed Savings Account

Why save with Monzo

A choice of competitive rates

Fixed rate savings (formally called 'bonds') allow you to fix your interest rate for a set period of time, and it will not be changed. By contrast, instant access savings account rates are variable and can be changed, e.g. To take account of Bank of England base rate changes, or changes in. A fixed rate bond (or fixed term savings account) is a simple investment product that pays out a guaranteed amount of interest after a set period. If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. They’re ideal for savers.

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.

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

Standard Bank Fixed Savings Account

Compare Fixed Term Savings Accounts

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?

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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.

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Fixed Savings Account Uk

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Fixed Savings Accounts

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Best Savings Account Interest Rates

Fixed Savings Account Kcb Mpesa

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